Who could have predicted it - LOL. This is what happens when you let libtards who have no economic clue in charge. This is article is about CA but if Senile Biden and the rest of the libtards have their way, this will occur in every state
Millions of Californians pay among the highest prices in the nation for electricity, a potential threat to the state’s plans to electrify cars and homes as it battles climate change.
Surging electricity prices of the three biggest utilities in the Golden State have reached levels that now are more than double the national average, as posted by the U.S. Energy Information Administration. Bills are projected to keep climbing as utilities address wildfire risk from their power lines and add electric vehicle charging stations. Ratepayers ultimately bankroll those costs.
The state as a result faces a looming crisis, some analysts say. California wants residents to swap gasoline-fueled cars and natural gas heaters for electric models. But if power rates keep rising, it will cost more to plug in an EV at home than to fill up a gas tank, economists project.
“It’s a huge problem,” said Severin Borenstein, director of the Energy Institute at the University of California, Berkeley’s graduate school of business. If people voluntarily add EVs and electric home heaters and then “tell their neighbors about their catastrophic electric bills, that’s gonna be a huge problem.”
“Or we’re gonna mandate electrification and then there’s just going to be huge political blowback,” Borenstein added. “Mandating electrification when you’re charging people 30 or 40 cents a kilowatt-hour is going to be immensely expensive.”
The rise in electricity prices comes as California analyzes how to meet its climate goals, including cutting greenhouse gas emissions 40 percent below 1990 levels by 2030. It wants carbon-free electricity by 2045. Before that, it plans to phase out traditional cars, requiring automakers to offer only zero-emissions models by 2035.
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https://www.eenews.net/articles/surg...climate-goals/