California has the second highest electricity rates in the nation that have outpaced inflation, and one state lawmaker has said he's filing legislation to help ratepayers understand why.
The new report released Tuesday by Califorina's Legislative Analyst's Office—the top financial and policy advisor for lawmakers in both political parties—shows the state's electricity rates are likely to continue to rise because of a combination of factors. The main contributors, according to the report, include the state's ambitious environmental policies, wildfire costs to utility companies, and the state's increasing demand for electricity as the state's policies attempt to cut reliance on oil and gas.
