This two - track approach has created the glut and has proved costly for
California electricity consumers.
Not exact matches
The
consumer ratings agency compared the cost of a Tesla solar roof in New York, Texas and
California and deemed that — depending on factors such as
electricity cost and sun exposure — the numbers generated by Tesla's Solar Roof calculator check out.
However,
consumers in
California continue to pay average retail
electricity prices that are among the highest in the nation.
«In just the last decade, we've had a technology bubble, an oil bubble and a housing bubble, not to mention the Enron fiasco and
California's
electricity crisis, each of which was least partially caused by speculators and manipulators trying to make a buck at the expense of
consumers,» English said.
The
California Aqueduct, which transports snowmelt across two mountain ranges to the thirsty coastal cities, is the biggest
electricity consumer in the state.
«Maybe we can have the best of both worlds: a price on carbon to create an innovative environment for clean technology in
California and keep businesses within state lines and not cause an adverse impact on
consumers through radically higher prices for transportation fuels or
electricity.»
While
consumers in the neighboring states benefit from lower
electricity costs,
California's ratepayers are footing the bill for the utility generators that produce the power.
Lost in this apparent green energy triumph is one inconvenient truth:
California couldn't have doubled renewable
electricity at relatively low cost to
consumers without the advanced hydraulic fracturing techniques — fracking — that came into widespread use a decade ago.
California will soon receive 50 percent of its
electricity from renewable energy sources thanks to a state law passed in 2015, and wind power will continue to play a significant role in the
California energy supply, locking in additional
consumer savings by 2030.
In addition to incentives, many states, such as
California, implement a net energy metering (NEM) policy that allows
consumers who generate excess
electricity to be reimbursed at the then - prevailing rate of
electricity.
SB 338 requires the
California Public Utilities Commission (CPUC) and all other locally owned utilities to start planning to meet their net - load peak energy and reliability needs with alternatives to fossil - fuel generating plants, while also providing the
electricity at the lowest cost to
consumers.
It is also very fortunate to located within a reasonable range of a tremendous
electricity consumer — the great state of
California.