Breaking News! California Electricity Prices are High ( Energy Institute at Haas)
investigative piece in the LA Times unearthed the shocking fact that California retail electricity prices are high, about 50% higher than the national average.
The article’s main focus is on the fact that California has a lot more installed nameplate generation capacity then has historically been the norm. There are several causes identified in the piece. Deregulation of the market in the late 1990’s is pointed to as a culprit. Somewhat inconsistently, the construction of regulated, rate-based plants also takes much of the blame. One factor that was barely mentioned, however, was California’s renewable electricity policy.