Comment by pstrateman
3 years ago
The average rate is only ~15 cents per kWh because of places like SF that are effectively just scamming the consumers.
Electricity in free markets is more like 5-8 cents per kWh.
3 years ago
The average rate is only ~15 cents per kWh because of places like SF that are effectively just scamming the consumers.
Electricity in free markets is more like 5-8 cents per kWh.
Yep electricity prices in CA are set by the gov't. Market rates are typically 10 cents/kWH
Technically the CA government only sets a maximum price, not prices themselves. Power companies can sell at market rate if they want. But that same CA government also allows monopolies, so the price ceiling becomes the floor.