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Electricity prices in California are 3x higher because of PG&E's monopoly on distribution combined with their wildfire risk liability from reckless power line b
by ak217 2y ago
Electricity prices in California are 3x higher because of PG&E's monopoly on distribution combined with their wildfire risk liability from reckless power line building standards, not because of higher generation costs.
- riku_iki 2y agosure, but somehow distribution and reckless do not impact export prices?
- ak217 2y agoCorrect. That's the difference between the wholesale spot price on the open market and what PG&E charges consumers on their bill. There's lots of supply and less demand at noon in June compared to 6 pm in January. You're not going to get anywhere near average retail price for exports in either case, but especially not in the first one. Out of state buyers don't care about PG&E's liabilities either, they are choosing from competing suppliers. They are not captive to PG&E's monopoly the way consumers are, so PG&E has no hope of charging them their retail rate.
- mensetmanusman 2y agoAlso bad forest management.