Electricity prices in California are steadily increasing as the Golden State converts its grid into a “green” energy production system.
Last year, residential electricity prices in California rose by 3 cents per kilowatt-hour, representing an increase of 11.9 percent. The average homeowner in California resultingly pays 28.9 cents per kilowatt-hour for electricity, making California the third-most expensive state for electricity in the United States behind Connecticut and Hawaii.
While a 3 cent per kilowatt-hour increase may not sound like much to some, it is only the beginning of California’s energy woes. Because the California Public Utilities Commission unanimously approved a new green energy scheme scheduled for full implementation in 2032, the clock is ticking for a transition that one media outlet says means California energy rates “are headed for the exosphere.”
“The California Public Utilities Commission unanimously approved a scheme that aims to add more than 25 gigawatts of renewables and 15 gigawatts of batteries to the state’s electric grid by 2032 at an estimated cost of $49.3 billion,” reports Watts Up With That.
“In addition, the California Independent System Operator released a draft plan to upgrade the state’s transmission grid at a cost of some $30.5 billion. The combined cost of those two schemes is about $80 billion.”
Recognizing that inflation, particularly in utilities, continues to climb, the $80 billion estimate is likely far too low. By the time those latter years getting closer to 2032 arrive, assuming current economic conditions continue or worsen, the true price tag could balloon to a figure much, much higher than what state officials are anticipating.
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“Whatever the ultimate price tag, the state’s aggressive alt-energy plans will inflict more economic pain on the low-income residents of a state with the dubious distinction of having the highest poverty rate in the United States.”
(Related: California landfills are piling up with green energy waste, which is highly toxic and environmentally destructive.)
California’s green energy producing more carbon than pre-renewables
California has been on the green energy path for many decades, but things really got going in 2008 when then-Gov. Arnold Schwarzenegger signed an executive order calling on state utilities to derive one-third of their power from so-called renewable sources by the year 2020.
At the time, Schwarzenegger called the plan “the most aggressive target in the nation,” but what he did not clearly iterate is the fact that this massive conversion would come with a seriously high price tag, especially for the state’s poor and ever-dwindling middle class.
In order to convert that much energy production to renewables, California utilities had to make some major upgrades and transitions. In 2008, just 3.1 percent of California’s energy production came from wind and solar. Today, that figure has increased to 25.7 percent, which is pretty close to Schwarzenegger’s energy targets.
Continue: Naturalnews.com
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