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Industrial electricity rates reach a new high

Posted by Gino DiCaro, VP, Communications on Dec. 18, 2014

California has reached a new high in 2014. For the first time we are consistently paying 80 percent more than the national average in industrial electricity rates.

We looked at the most recent third quarter data for 2014 and compared it to each of the third quarters back to 2010. The trend is moving in the wrong direction. Up from 59 percent in 2010, we now pay 84 percent more than the national average. 

The chart below shows the trend, and a Californians for Affordable and Reliable Energy report -- written up this week by CMTA's Michael Shaw -- lays out an ever important path toward a comprehensive state energy plan for cost effective post-2020 climate change goals. 

 

Electric rates trend chart

 

... And here's a look at rates by state in September 2014

 

Industrial electric rates by state, September 2014





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