Wednesday morning on AirTalk, we talked about California’s new rule that requires power suppliers to get 33-percent of their electricity from solar, wind, or geothermal sources by 2020. Governor Brown signed the legislation Tuesday, calling it the most ambitious program of its type in the country.
However, there are plenty of businesses expressing a lot of concern over what this will mean for electricity prices. Our guest from the California Manufacturers and Technology Association claimed that businesses in our state already pay 53-percent more for power than those elsewhere in the U. S. He’s concerned that this mandate will further raise electricity costs for businesses, leading them to flee California.
Our guest from Environment California argued that there will be an economic benefit to businesses, as the need for renewable infrastructure will create jobs and investment. She didn’t deny that the retail cost of electricity might go up.
Are you happy with the new mandate? Do you think it will be particularly difficult or costly for utilities to meet the new standard?