Last year, California experienced five of the six largest fires in the state’s history. The dynamics in the housing market mean that history could repeat itself
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California risks an escalating spiral of wildfire catastrophes and rising housing costs unless it completely revamps how it rebuilds after fires and finds ways to discourage building in high-risk areas, according to a study released on Thursday.
California must comprehensively reshape how we rebuild after wildfires—or risk an unthinkable surge in costs and major setbacks to the state’s housing supply amidst a record housing crisis.
SAN FRANCISCO—California must comprehensively reshape how we rebuild after wildfires—or risk an unthinkable surge in costs and major setbacks to the state’s housing supply amidst a record housing crisis.
California's investor-owned utilities currently operate on a "volumetric" pricing model, where fixed costs are recovered through increased per-kilowatt hour rates — a practice that is very different from the rest of the country and even
California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles on the path to carbon neutrality.
SAN FRANCISCO — California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles on the path to carbon neutrality.
The report finds that lower- and middle-income households are bearing a far greater cost burden for the state's power system.
California already has some of the highest electricity rates in the country.
California’s electricity prices are growing so high that they threaten the state’s ability to convince enough people to ditch fossil fuel-powered cars and appliances, new research says.