Keeping Energy Costs in Check While Going Green
Over the past several months, California consumers have become keenly aware that their energy costs are going up, and with good reason. Consider that the average cost of gasoline on a per-gallon basis has spiked, and that electricity has also risen significantly over the past year. Is this the cost of moving toward a renewable future?
The transition to clean energy is happening faster than anticipated. The good news is that this means carbon and air pollution are already decreasing, improving public health each and every year. The better news is that these reductions will result in significant near-term and long-term public health benefits, especially for the most vulnerable citizens.
Unfortunately, the bad news is that costs will go up as we embark on the green journey. The consulting firm E3 recently published a report saying that achieving 100% renewable energy in California will add $67 billion to the current $109 billion annual cost of energy. However, in the long run, energy prices should become more affordable for all consumer classes.
As California continues on its quest to a new green future, more and more people could be falling behind due to rising energy costs. Today, California counts one million households as living in “energy poverty,” which is most pronounced in the inland counties. The term refers to those households where more than 10% of the income is used for energy, not counting transportation.
By transitioning to renewable resources on a timeframe that provides greater affordability, energy costs can be mitigated, and could put extra money in the pockets of all Californians.