This blog was supported by Julia Young, an Andlinger fellow from Princeton University. This is the third in a blog series on the opportunities presented by the Pathways Initiative, focused on California.
California’s legislature is winding down to the last days of its session. A top priority should be finding ways to save families money on their utility bills without compromising the state’s clean electricity goals. A well-designed western electricity market does just that, according to a new analysis supported by EDF.
The difference between lawmakers getting the details right or wrong in Senate Bill 540 is significant. Getting it wrong jeopardizes the future of a unified western electricity market, costing Californians $350 million dollars a year. This affirms prior research about the need to get the details right since that would enable Californians to save more than a billion dollars each year in energy costs by developing a unified western market.