Why do you think electricity prices are high?
Why do you think electricity prices are high?
you can see, for instance san diego's rates [1] which are $0.38/kWh in the winter and $0.48/kWh in the summer. for context, this means if i pay 11 dollars in electricity generation (because i'm part of a municipal electric generation coop), i'm still paying $36 for distribution/transmission/etc, which is $47 for 106kWh used or ~$.44/kWh which is roughly what electrify america charges ($.48/kWh) when i go to 'fill up my car.' as far as i can tell from talking to people, this is is more than most people anywhere in the country (including hawaii) pay for their electricity.
[0]: https://www.publicadvocates.cpuc.ca.gov/-/media/cal-advocate... [1]: https://www.sdge.com/sites/default/files/regulatory/1-1-24%2...
Peak is $0.51536 (delivery) - $0.10556 (baseline credit) + $0.16225 (generation via East Bay Community Energy / Ava) or just over of $0.57 per kWh.
Off-peak is $0.48701 - $0.10556 - $0.13772 or just shy of $0.52/kWh.
Add that baseline credit back in for when you reach tier 2 (currently 12.9 kWh/day for my apartment which factors in winter usage and electric heat). I have about 3.5 kW of baseboard heaters (and use 2.75 kW at most). Whatever the duty cycle is to keep the apartment at 60°F 24x7 is well more than 12.9 kWh so obviously I don't do that anymore. Rates are set to go up again in March or April.
Gas is $2.43888/therm with tier 2 kicking in at 6.72 therms/month and minimum charge of $0.13151/day.
Why do you think electricity prices are high?
Because PG&E:* spent billions over the past few decades on stock buybacks
* spent billions on fines and restitution for malfeasance like falsifying call-before-you-dig records
* spends tens of millions annually on stock dividends (down from billions annually pre-bankruptcy)
* used their safety budget to pay executive bonuses
* stacked the CPUC in their favor
* rakes in billions in profit (roughly $1/share EPS) annually
Why do you think electricity prices are high?
Why should the rates be 4x the rest of the country?