California is making enormous strides in its race to 100% clean energy, but rapidly rising energy prices are threatening to hold us back.
Electricity prices have surged 127% over the past decade, with some customers seeing increases of over 60% just in the last four years. These rising costs put a significant strain on household budgets, especially in disadvantaged communities, and pose a growing threat to the success of California’s clean energy and electrification goals.
Topics: State Policy, California, Distributed Energy Resources, Virtual Power Plants, Electric Vehicles, Solar
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We’re currently seeing three critical energy trends across the state of California.
First, energy affordability is an urgent crisis. California's success in reducing the cost of clean, renewable power means commodity energy prices during much of the day are lower than ever, but replacing our aging and fire-prone infrastructure has driven electric bills to unsustainable levels, especially for the state’s poorest and most vulnerable.
Topics: Energy Efficiency, California, Virtual Power Plants