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Richard Rider

California business electricity rates SOAR in 3 month period

The good news is that, from March to June of this year, the California average residential electricity rate has DROPPED some compared to the other states — down to “only” 30.6% higher than the national average (from 33.7% higher in March).

But the California rates have SOARED in the two other major sectors. Commercial rates went from 27.0% higher than the national average in March to 53.8% higher in June. Industrial rates rose from 54.2% higher to 72.5% higher.

Further major “cap and trade” California electricity rate increases are expected in the next 12 months.  SDG&E, SoCal Edison and PG&E are all significantly higher than the CA statewide average.

BOTTOM LINE: Just when you think California can’t be a more unattractive place for businesses to locate, our Golden State exceeds your expectations. BIG-time.