Southern California Edison – 25% electric rate hike!
Natural Gas is a major element of electricity generation here in the USA and is the reason for the astronomical rate hike customers will start to see on their bills shorty. You thought the pain at the pump was bad enough, well energy inflation is soon going to hit your electric bill.
People who have installed solar panels or wind power generators have already locked in their electric rates since they are producing their own clean energy. Renewable Energy power generation is a great tool to hedge against raising energy costs. If you are considering to purchase a solar electric system or a wind turbine and are a SCE customer, well now is the time to start looking into it because your investment is going to pay itself back 25 times faster then before.