As California’s consumers continue to reel from some of the highest electricity and gasoline prices in the country, CEA’s Matt Gonzales looks at the record number of policy failures which are being paid for by those who can least afford it.
Yet, like gasoline, Californians face some of the highest electricity rates in the country and the world, and the more California’s policymakers “fix” the problem, the more it costs the people. Two decades of government intrusion in California electricity markets has resulted in net metering tariffs that, according to The Public Advocate’s Office, have taken $8.5 billion from the pockets of working families to subsidize private solar panels for homeowners who are, more often than not some, of the state’s most affluent.
Read more – Real Clear Energy