New Report Shows How High Retail Electricity Prices Are Slowing California’s Progress Towards an Equitable Clean Energy Future
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Friday, September 23, 2022
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The report finds that in 2019, IOU residential customers were paying an effective electricity tax that averaged $678 per year.
Key Points:
- The report finds that in 2019, IOU residential customers were paying an effective electricity tax that averaged $678 per year.
- The researchersProfessors Severin Borenstein, Meredith Fowlie, and James Salleeconclude that utilities in California are covering many costs beyond the direct cost of supplying electricity through higher electricity prices.
- The new study is a follow-up to the authors 2021 study, Designing Electricity Rates for An Equitable Energy Transition .
- The Energy Institute at Haas helps create a more economically and environmentally sustainable energy future through research, teaching and policy engagement.