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California’s electricity rates have surged 47% from 2019 to 2023, nearly doubling the national average. As highlighted in The Center Square (Armstrong, 2024), these rising costs stem from wildfire mitigation expenses, renewable energy mandates, and state-funded energy efficiency programs.

While intended to support sustainability, high electricity rates are ironically discouraging the transition away from fossil fuels, making electric vehicles and appliances less financially viable. Lower-income residents in hotter areas are hit hardest, while middle-income earners face growing financial strain without qualifying for assistance programs.

California policymakers must find a balance—supporting climate goals without overburdening ratepayers. Addressing rate structures, incentivizing private investment, and reassessing funding sources could help ease the financial strain.

Read the full article here: California’s Soaring Electricity Rates Strain Consumers, Impact Climate Goals.

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