Definitions for "System Benefits Charge"
Any of a number of nonbypassable charges imposed to collect funds to cover the above-market costs of providing public goods (system benefits) that otherwise would be stranded.
a nonbypassable surcharge on the bills of regulated utilities
A charge on a consumer's bill from an electric distribution company to pay for the costs of certain public benefits such as low-income assistance and energy efficiency.
Funds energy efficiency programs for all customers as well as assistance programs for residential customers within certain income guidelines.
A required fee (also known as a public benefits charge) from all electricity customers to fund programs aimed at the public good that may no longer be feasible for the utility to provide in a competitive electricity market. These programs include energy conservation, support for renewable energy use, low-income assistance, and research and development.