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The average rate is only ~15 cents per kWh because of places like SF that are effectively just scamming the consumers. Electricity in free markets is more like
by pstrateman 3y ago
The average rate is only ~15 cents per kWh because of places like SF that are effectively just scamming the consumers.
Electricity in free markets is more like 5-8 cents per kWh.
- NavinF 3y agoYep electricity prices in CA are set by the gov't. Market rates are typically 10 cents/kWH
- Cheer2171 3y agoTechnically the CA government only sets a maximum price, not prices themselves. Power companies can sell at market rate if they want. But that same CA government also allows monopolies, so the price ceiling becomes the floor.