California consumers will save at least $3 billion on their energy bills over the next five years due to Trump’s December tax cuts, the Chamber of Commerce announced in releasing a new study on Thursday.
California is the big winner, but the energy saving are projected to spread across the U.S., as utilities use the corporate tax cuts they received as a rebate on customers’ electricity bills, according to the Chamber’s Global Energy Institute.
“Utilities that have seen relief from their tax bills are passing those savings onto their customers, which ultimately saves consumers money,” said Karen Harbert, president and CEO of the U.S. Chamber’s Global Energy Institute. “This savings is resulting in increased economic productivity and more jobs around the country.”
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