BabyBoomer50s
Capitalist
- Joined
- Nov 27, 2018
- Posts
- 12,014
“Irony of ironies, the state has installed temporary gas-fired generators to run during grid emergencies. In other words, the state that is working so hard to banish fossil fuels has become more dependent on them. Los Angeles’s municipal utility is generating nearly 30% of its electricity from coal, some of which is being shared with the rest of the state. Call it Gavin Newsom’s dirty little climate secret.”
“Electricity prices in California’s wholesale market surged Tuesday evening to about $1,700 per MWh compared to the normal $100 and $67 a year ago. All of this explains why residential electric rates in California have risen by 50% in the past two years—three times more than they have nationwide.
“Californians paid on average about 29 cents per kilowatt hour in June, by far the most in the continental U.S. and twice as much as in neighboring states. Rates are only going higher.
“But what starts in California rarely stays in California. Americans everywhere will soon be soaked with higher prices for power that is becoming less reliable.”
https://www.wsj.com/articles/gavin-...lling-blackouts-green-energy-grid-11662583198
“Electricity prices in California’s wholesale market surged Tuesday evening to about $1,700 per MWh compared to the normal $100 and $67 a year ago. All of this explains why residential electric rates in California have risen by 50% in the past two years—three times more than they have nationwide.
“Californians paid on average about 29 cents per kilowatt hour in June, by far the most in the continental U.S. and twice as much as in neighboring states. Rates are only going higher.
“But what starts in California rarely stays in California. Americans everywhere will soon be soaked with higher prices for power that is becoming less reliable.”
https://www.wsj.com/articles/gavin-...lling-blackouts-green-energy-grid-11662583198