California’s Electricity Disaster In Seven Charts
4 hours ago Charles Rotter 3 Comments
From Robert Bryce’s Substack
Residential electricity prices jumped nearly 12% in 2023 and they are going higher. But the carbon intensity of power generation isn’t falling and low-income ratepayers are subsidizing the rich.
California’s energy woes are getting worse. According to the latest numbers from the Energy Information Administration, the state’s residential electricity prices, already among the highest in America, jumped by 3 cents per kilowatt-hour last year, an increase of 11.9%. The average California homeowner now pays 28.9 cents per kilowatt-hour for electricity, which is the third-highest price in the U.S., behind only Connecticut and Hawaii.
Unfortunately, the 2023 price increases are only a hors d’oeuvre. California’s electric rates are headed for the exosphere. As I explained last March in “California Screamin,” in 2022:
The California Public Utilities Commission unanimously approved a scheme that aims to add more than 25 gigawatts of renewables and 15 gigawatts of batteries to the state’s electric grid by 2032 at an estimated cost of $49.3 billion. In addition, the California Independent System Operator released a draft plan to upgrade the state’s transmission grid at a cost of some $30.5 billion. The combined cost of those two schemes is about $80 billion.
https://wattsupwiththat.com/2024/03/24/californias-electricity-disaster-in-seven-charts/
