Exploding Energy Prices in Costly California
10 hours ago Guest Blogger
By Steve Goreham
Originally published in Master Resource.
Energy prices are skyrocketing in California. The state’s electricity, gasoline, and natural gas prices are amongst the nation’s highest and rising. Green energy policies are the primary cause for high and escalating California energy prices.
California electricity prices increased by 98.2 percent over the last 15 years, the highest rise in the nation. No other state comes close in terms of price increases. US average electricity prices rose 30.6 percent over the same period. California power prices rose to a level that is the second highest in the nation, only lower than Hawaii. In contrast, prices in Texas have actually declined since 2008 due to a focus on retail competition and a decrease in natural gas prices.
California is the epicenter of green energy in the United States. The state established the first renewable portfolio standard in 2002, mandating that 20 percent of electricity be from renewable sources by 2017. Governor Arnold Schwarzenegger instituted a 33 percent renewable requirement by 2020. In 2018, Governor Jerry Brown signed an executive order mandating 100 percent zero-carbon electricity by 2045.
https://wattsupwiththat.com/2024/03/13/exploding-energy-prices-in-costly-california/
