California’s ‘ambitious’ policies to reduce greenhouse gases drive surge in electricity costs: report [Video]

Electricity prices in California have surged significantly over the past several years, which officials say is partly due to green energy policies being pushed throughout the state.

The Legislative Analyst Office (LAO) released a new report revealing that monthly electricity rates for residential customers in California have increased by an average of nearly 50% since 2019. 

“In general, average residential electricity rates in California have grown faster than inflation in recent years, rising by about 47% over the four-year period from 2019 through 2023, compared to overall growth in prices of about 18%,” the report reads.

Some of the main contributing factors to the price hikes have resulted from the state’s “ambitious” greenhouse gas (GHG) reduction targets and taxpayer-funded green energy programs, according to LAO.

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