Thousands of San Diego County residents experienced sticker shock when they received their SDG&E bills this winter, but what exactly caused prices to skyrocket? Here’s a closer look:
"My parents’ heating bill — for the same square-foot house as mine in San Diego — and their heating bill's, like, maybe $500, and they're using their heat you know, 24/sevenAnthony, a mother of two young children, was back home in Buffalo, New York, recently for a visit with family during the deepest of Arctic deep freezes when she started to get hot under the collar.
. The situation with SDG&E, which has a little over 900,000 gas meters in homes and businesses, hits different. The spikes were enormous, even for this so-called"non-recession" inflation.a $28 increase in electrical costsIn retrospect, that increase is quaint in comparison to what was coming, a glance back at more innocent times.
San Diego's city council inked a 10-year franchise agreement with SDG&E in 2021. Turns out the utility was the only outfit to bid on the franchise. The agreement called for climate equity goals like investing in solar-energy rebates in historically underserved neighborhoods, as well as worker protections and accountability measures for bi-annual audits. The deal replaced a 50-year agreement the city had with SDG&E.
Sempra Energy, which owns SDG&E, bids on gas in the U.S. and Canada open market, then resells it to customers without a markup. "They simply say that the price has to be whatever the company pays for it, but they're not actively engaged in trying to lower or control that price in any way," Miller said."It really is a market-driven price, and we're competing with other states and now even other countries" to get it.
"Those who have been in California a while remember when the electricity market was, in fact, manipulated by Enron and Duke Energy," Miller said."It led to the recall of our governor and the election of Arnold Schwarzenegger. So these are huge political issues, there's no doubt. I don't know what they're going to find when they examine the gas industry, but it sounds like they're going to take a closer look at it.
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