Operators of the natural gas wells in Aliso Canyon are warning California regulators they have concerns about meeting energy and electricity demands this summer and for the upcoming winter.
SB 700 would require utility companies to collect even more funds from ratepayers to help establish an Energy Storage Initiative, an ESI. This ESI would work in conjunction with the existing Self Generation Incentive Program that has been so successful in California. The ESI would need to be funded through 2027.
What’s the upshot for consumers and the economy? Gasoline prices, already among the highest in the nation, would increase as much as 24 cents a gallon in the short run to reflect higher carbon-emission costs. Lawmakers proposed issuing “climate dividend” checks to Californians to offset the higher cost of carbon. The financial impact of an all-renewable electricity grid is uncertain.
Oregon takes the No. 1 spot when it comes to renewable energy use, and also for the overall Best States for energy rnaking. Nearly 80 percent of the state's renewable energy comes from hydropower, according to the National Hydropower Association.
The primary cost for an electric car is its battery, responsible for almost half the pricetag of a mid-sized plugin. If you take that away, electric cars are much cheaper to produce and maintain than internal combustion vehicles. (That’s why French carmaker Renault sells its popular Zoe without a battery, which customers pay a monthly fee to lease.
For true mass-market appeal, the up-front sticker price is what matters most, and battery prices must come down further. Fortunately, prices are falling fast—by roughly 20 percent a year. The manufacturing cost of electric cars will fall below their gasoline counterparts across the board around 2026, according to a recent analysis by Bloomberg New Energy Finance.