Comment by triceratops
10 hours ago
That's because of the wildfires. California will have high rates no matter what just because of that.
10 hours ago
That's because of the wildfires. California will have high rates no matter what just because of that.
Can you elaborate on why that is or provide a source? Other states also have high wildfire risk and don’t have the expensive power like California.
Four of the worst five wildfires in the US (in terms of damage) took place in the last decade in California. The fire in LA this year is estimated to have cost more than the other four combined.
https://www.energysage.com/news/ca-electricity-rates-increas...
That is only one factor. Others include: overallocation of fixed costs to consumers, CA's climate and energy policies, CA's high regulatory burden, and CA's unique geographic challenges. Some of these are self imposed.
[1] https://calmatters.org/california-divide/2021/03/california-...
[2] https://lao.ca.gov/Publications/Report/4950
[3] https://www.ppic.org/blog/a-closer-look-at-californias-surgi...
[4] https://www.ivy-energy.com/post/californias-ever-increasing-...