Public Benefit Funds
Most public benefit funds (PBFs) were developed by certain states during the electric utility restructuring era, in the late 1990s, to ensure continued support for renewable energy, energy efficiency and low-income energy programs. These funds are commonly supported through a very small surcharge on electricity consumption (e.g., $0.002/kWh). This charge is sometimes referred to as a "system benefits charge" (SBC). PBFs commonly support rebate programs for renewable energy systems, loan programs, research and development, and energy education programs.