The residential rate will drop from 9.6 cents per kilowatt hour to 7.2 cents
Holy crap! We pay 25-34 cents and will be moved to time of use rates soon that will be 42 cents per kwh during peak demand in the summer.
California is a leader in renewables, but it is also a world leader in powerlines causing billions of dollars in fires leading the bankruptcies and billions of dollars of needed system upgrades. No matter how cheap the power gets at the source, it's going to be expensive for the end user because of the distribution system, unless it is locally generated.
PGE actually has a solar pilot project for a community near here where, effectively, the whole community will be off the grid
A new standalone power system that produces energy with solar panels, batteries and generators will be operational near Yosemite National Park soon – the first of its kind owned by Pacific Gas & Electric Company with the aim of reducing wildfires.
https://www.fresnobee.com/news/california/fires/article250218710.htmlSo basically, there's so much solar electric in CA now that sometimes they have to pay AZ to take some of it for us, but the needed upgrades to the distribution system are $$$$
The year before PGE when bankrupt (2018??) something like 17 of 21 major fires were started due to sparking from PGE equipment.... don't quote me on those numbers, but that's roughly close.