New Report Touts $123 Billion in Potential Savings for California Through Innovative Transmission Financing

Posted by Edson Perez on Nov 14, 2024 10:29:23 AM

New Report Touts Innovative Transmission Financing That Can Save California Billions

As California moves toward a clean energy future, its demand for electricity is surging, fueled by the rapid electrification of homes, vehicles, and businesses across the state. The California Air Resources Board (CARB) estimates that electricity demand could increase by 76% by 2045 (relative to 2022), making expansion of the state’s transmission infrastructure crucial to keeping the lights on.  At the same time, climate-related threats—such as wildfires, extreme heat, and severe weather events—are increasingly straining the grid, further highlighting the urgent need for modern and resilient transmission infrastructure. However, California is already grappling with an energy affordability crisis, and new transmission investments come with significant costs. To meet the state’s clean energy and reliability goals without further burdening ratepayers, innovative financing solutions will be critical. 

Net-Zero California’s (NZC’s) and Clean Air Task Force’s (CATF’s) timely report, Wired for Savings: Evaluating the Impact of Alternative Transmission Financing and Development Models on California Ratepayers, explores alternative transmission financing and development models and their impacts on consumers. The results show potential for substantial ratepayer savings of up to $3 billion per year, or about $123 billion over 40 years, to the extent that this infrastructure is financed and developed through public-private partnerships. 

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Topics: California Engagement, Transmission, California

California Wraps Up 2024 Legislative Session

Posted by Edson Perez on Oct 9, 2024 12:57:56 PM

Blog CA Must Embrace Advanced Energy Technologies to Combat Challenges (1)

This year’s California legislative session was filled with twists and turns as lawmakers faced intense pressure to tackle skyrocketing energy bills and prepare the grid for more extreme weather. Amidst these challenges, Advanced Energy United (United) achieved significant victories for advanced energy technologies—but we also experienced some frustrating setbacks in key areas that we will continue to focus on in the coming years. 

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Topics: Legislative, California, Advanced Energy United

Charting California’s Gas Infrastructure Transition

Posted by Callie McKenna and Edson Perez on May 13, 2024 8:30:00 AM

Necessary Steps to Decarbonize the Gas System in the Golden State

California has long been thought of as a pioneer in the clean energy movement, often first among states to seize new opportunities and try bold ideas to ensure a sustainable future for its residentsboth environmentally and economically.  

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Topics: State Policy, California, Building Decarbonization

New Study Touts the Benefits of Virtual Power Plants in California

Posted by Edson Perez and Brian Turner on Apr 11, 2024 2:00:00 PM

New Technologies Power California’s Electricity Grid (3)

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. 

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Topics: Energy Efficiency, California, Virtual Power Plants

What Will It Take to Electrify California’s Buildings?

Posted by Callie McKenna on Aug 3, 2023 12:30:00 PM

Blog Achieving 100% Clean Buildings in the Golden StateThe California legislature has set a goal of net zero by 2045, and dozens of California cities and counties have doubled down on ambitious – but achievable – climate commitments.  Meeting that goal will be nearly impossible if homes and businesses in the state remain dependent on fossil fuels for their appliance and energy needs. What’s needed is a process by which the state “fully electrifies” its building stock.

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Topics: California

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