Why the new solar energy law is such a disaster for us
A report in Bloomberg News argues that the new energy law that California passed last week, dubbed the “Californian Renewable Energy Standard,” will have a devastating effect on the state’s economy.
It’s a bad law.
It will put millions of Californians out of work and drive up electricity prices.
California will be worse off than it is now.
Here are the numbers.
How bad is it?
The California Energy Commission, a non-profit group that advises state and local governments on energy issues, estimates that the cost of the new standard will increase the cost to consumers by $8,400 in 2021, and by $17,000 by 2022.
That’s a $40,000 increase in the price of electricity.
The commission also projects that it will cost consumers $1,900 more per year by 2027, because of increased costs related to the new rules.
How will it affect us?
There’s been a lot of talk about how the new law will drive up prices for California consumers.
The law requires utilities to provide more renewable energy for customers.
The state’s electricity rate is currently 10.5 cents per kilowatt hour.
The new standard requires utilities and companies to provide renewable energy at the same rate.
The goal is to reduce electricity costs by 5.6 cents per kWh.
The proposed new standard also increases energy prices for consumers by 10.3 cents per KWH.
California’s governor, Gavin Newsom, is expected to sign the law into law on July 1, 2021.
The move will be a huge boost to the state economy.
But as Bloomberg News reports, the law has some major problems: It does not address how to transition the state from coal to renewable energy, and it fails to address the carbon emissions that are contributing to global warming.
The bill has been criticized by environmentalists, the electric utility industry, business groups and consumers.
It also does not provide an effective mechanism for transitioning California to a clean energy economy.
The New York Times reported that, because it does not mandate renewable energy use, it could have an unintended negative effect on California’s already sluggish economy.
For instance, if the new standards are passed, California could see a huge spike in utility bills, and the state could be left behind on the global stage when it comes to the fight against climate change.
How does the new bill compare to other states?
California’s new law, called the “California Renewable Standard,” was passed in January.
But it is far from perfect.
The legislation requires utilities that are operating in California to install and retrofit energy efficiency and energy storage technology.
The regulations do not require utilities to install solar panels, wind turbines or other renewables.
The act is supposed to help California achieve its goal of reducing carbon emissions from the electricity sector by 35% by 2030.
But the law is riddled with loopholes that allow utilities to charge higher rates for renewable energy when it is cheaper.
The cost of solar power is not tracked by utilities, and this has allowed utilities to build a huge amount of capacity that has not been taxed or tracked.
And as Bloomberg reports, utilities have been able to shift money from consumers to the big companies and companies that are investing in solar.
The big companies have been allowed to make huge profits from the new electricity standard.
They have been paid billions of dollars in subsidies from the state.
But utilities say that they will not be able to charge consumers as much as they are charging other states because of the loophole.
The problem is that the big utilities can charge as much or more than other states.
If the California standards are fully implemented, the state will be paying more than any other state, Bloomberg notes.
The result is that utilities will be able build more storage, and that will lead to a more rapid increase in solar power.
The California law also includes a provision that would give the state the power to decide how much energy is required from renewable energy.
It is not clear if this provision would be enforceable, since utilities could argue that it would give them the ability to charge customers more.
The rule is also not clear how it would be enforced.
The Energy Commission says that it has received complaints from more than 1,000 customers about the new act.
It said it has investigated complaints but found no violations.
How long will it take to implement the new rule?
Under the new legislation, the Energy Commission said it would have to make a final decision on how long it would take for the rule to go into effect by July 1.
In January, the California legislature passed a bill that would extend the deadline until June 30, 2020.
This law will expire July 1 and it’s unlikely that the California Energy Committee will be willing to extend it beyond that date.
What are the major impacts?
The impact of the California Renewable Standards is expected be particularly bad for California’s economy because it will push up electricity costs for the average California resident.
According to the Energy Department, the cost for