Energy prices are exploding, in Italy as well as in California. You will pay dearly for the “Green”
The "Green" or fake future is made up of very expensive bills, not affordable for the poor, and a fall in the reliability of electricity supplies.
Last week, the state's grid operator, the California Independent System Operator, issued a "flexible alert" that asked the state's consumers to reduce their power consumption "to reduce stress on the grid and avoid power outages." .
CAISO's (California ISO) warning of impending electricity shortages heralds another blackout-filled summer as California's electricity prices skyrocket.
In 2020, California's electricity prices rose 7.5%, making it the largest price increase of any state in the country last year, and nearly seven times the increase that has been seen in the United States as a whole. . According to data from the Energy Information Administration, the price of electricity for all sectors in California last year jumped to 18.15 cents per kilowatt hour, which means that Californians are now paying about 70% more for their electricity compared to the American average of all sectors tariff of 10.66 cents per kWh . Even more troubling: California's electricity tariffs are expected to rise over the next decade.
The rising cost of electricity will increase the energy burden on low- and middle-income Californians. High energy costs have a particularly regressive effect in California, which has the highest poverty rate – and some of the highest electricity prices – in the country. In 2020, electricity prices across all sectors of California were the third highest in the continental United States, behind only Rhode Island (18.55 cents per kWh) and Connecticut (19.19 cents per kWh).
California politicians are providing a case study on how not to run an electricity grid. Additionally, that case study shows what could happen if state and federal policy makers decide to follow California's radical decarbonization mandates, which include a requirement for 100% zero-carbon electricity by 2045 and a an economic goal of carbon neutrality by 2045.
Even as the state's tattered power grid can barely meet existing demand – and more blackouts are almost certain this summer – California continues to hoard bad policy after bad policy. The state has banned the future sale of cars powered by internal combustion engines which will result in a dramatic increase in electricity demand and will require, according to a recent report by the California Energy Commission, the installation of 1.2 million new charging stations for electric vehicles by 2030. Natural gas bans will further increase the demand for electricity. Applauded by the Sierra Club, which is receiving tens of millions of dollars from billionaire Michael Bloomberg, some 46 Californian communities have banned the use of natural gas in homes and businesses. To make it even more absurd, California is committed to achieving these goals as it shuts down the last remaining nuclear power plant in the state, the Diablo Canyon Power Plant, which alone produces nearly 10% of all the juice consumed in California. .
In the end, the costs of decarbonization are perfectly and completely regressive: they weigh heavily on the poor, with increases of 39% from 2010 to 2020, and are irrelevant for the rich. Yet another blow to the most disadvantaged social classes, but the poor are not interesting for Greta, for Bloomberg or for the other wealthy environmental philanthropists.
Is Italy different? No, it's even worse. According to Nomisma Energia since July “On the basis of preliminary data it is possible to estimate an increase of around 12% for electricity and over 21% for gas, both record leaps never seen in the past” . "This pushes us to predict a sharply accelerating inflation rate in the coming months" . Let's see again: " The most bullish push comes from CO2 prices which have reached records at 55 euros per ton, double at the end of 2020 , driven by the increasingly stringent commitments of the European Union on cutting greenhouse gas emissions" .
So the mix of rising prices and European CO2 policies threatens to send Italian families into a tailspin. For those who consume little (3 kw) there is talk of an increase in prices of 66 euros per family for electricity and 284 for gas per year. We will have poor families that are increasingly poor, often bordering on poverty. But this is a direct consequence of the Green Deal wanted by the Commission and the majority of Parliament to which we have supinely adapted without anyone having assessed the economic and social consequences of the choices and prepared alternative energy sources in advance.
You will pay dearly, you will pay for everything, for the wishes of a handful of rich people
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The article Energy prices explode, in Italy as in California. You will pay dearly the "Green" comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/esplodono-i-prezzi-dellenergia-in-italia-come-in-california-pagherete-carissimo-il-verde/ on Sun, 27 Jun 2021 08:00:30 +0000.