Ratepayer-backed bonds for utility financings
Nature Energy, Published online: 10 April 2025; doi:10.1038/s41560-025-01755-3Utilities are increasingly using ratepayer-backed bonds (RBBs) to provide financial protection against extreme weather and more broadly, the energy transition. Consequently, we outline best practices for public utility commissions and ratepayer advocates to reduce financing costs and protect ratepayers in the execution of RBBs.

Nature Energy, Published online: 10 April 2025; doi:10.1038/s41560-025-01755-3Utilities are increasingly using ratepayer-backed bonds (RBBs) to provide financial protection against extreme weather and more broadly, the energy transition. Consequently, we outline best practices for public utility commissions and ratepayer advocates to reduce financing costs and protect ratepayers in the execution of RBBs.