Comment by curriculum

Not quite. Right now, (most) California residential electric bills are entirely volumetric, meaning that you pay for what you use — if you use zero, you pay (close to) zero. Under the new system, everyone’s bill will instead have a sizable fixed component (determined by household income) for being connected to the grid, and a volumetric component (determined by the amount that you use). The new price per kilowatt hour will be smaller than the existing rates.