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.
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_06_a
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.