Solar Energy Show

Energy Prices are Going Through the Roof

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Copyright 2022 - The Energy Show, Barry Cinnamon Ribbit or Croak. Which one are you? An urban myth has it that if you put a frog in a pot of boiling water it will instantly leap out. But if you put it in a pot filled with pleasantly tepid water and gradually heat it, the frog will remain in the water until it boils to death. This myth reminds me of the slow-motion train wreck we are facing from destructively high electricity and methane (natural gas) costs. We’re gradually getting boiled alive with increasing energy prices. Don’t believe me? Just look at California’s residential electricity and methane prices over the past few decades as reported by the Energy Information Administration. Average single family home electric rates increased at an annualized rate of 3% from 2000 to 2015. These increases accelerated to 6% from 2016 to 2020. Rates then skyrocketed (I’m running out of adjectives here) to 11% in 2021. This year…so far…PG&E raised rates by 18%. The combination of PG&E’s costs to catch up on defer