Yep. Wholesale electric contracts for electricity producers in California are as low as 3-4 cents per kilowatt hour. Many prices at the meter are closer to 45 c

Yep. Wholesale electric contracts for electricity producers in California are as low as 3-4 cents per kilowatt hour. Many prices at the meter are closer to 45 cents per kilowatt hour. It certainly doesn't help that our monopoly transmission companies are regulated by price caps set on a cost plus basis. They have every incentive to drive up their costs and make transmission as expensive as possible.