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Rakesh  Sharma's picture
Journalist, Freelance Journalist

I am a New York-based freelance journalist interested in energy markets. I write about energy policy, trading markets, and energy management topics. You can see more of my writing...

  • Member since 2006
  • 1,019 items added with 705,074 views
  • Jul 23, 2021

What will happen to all those unpaid utility bills? That's a question we've been asking for several months now. Here's one possible answer: they don't matter.

California plans to forgive $2 billion worth of utility bills. Some of the money will be distributed directly to utilities but they will have to opt into the program first. They will also have to offer customers with pandemic debt a payment plan.

But California does not plan to extend the Sep. 30 moratorium on utility disconnections. New York's moratorium ends in September as well. Unrelated to utilities, here's an astounding snippet from the article: Deborah Bell-Holt, one of those who had utility bill debt, took out a $500 loan at 347 percent interest to make a temporary payment on her bill.  


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