Budgets and Rates Sample Clauses

Budgets and Rates. As proposed in the September 1 Plan, the Settling Parties stipulate and agree that beginning on January 1, 2021 that the energy efficiency portion of the System Benefits Charge (“SBC”) applicable to electric customers shall no longer be uniform but, instead, there shall be two separate SBC rates, applicable to each customer sector (i.e., residential, commercial and industrial) for each electric utility. Further, in order to balance the desire to mitigate short-term rate impacts with the opportunity for achieving additional cost-effective energy efficiency that reduces costs to ratepayers, the Settling Parties stipulate and agree to the following modifications to the budgets, rates and ▇▇▇▇ impacts set forth in the September 1 Plan.