Southern California Edison – 25% electric rate hike!
This week, Southern California Edison (SCE) made a huge announcement, according to an article in easy reader news, Scott Gobel, regional manager for Southern California Edison said average customers in SCE territory will see an electric rate hike of 25%! Scott says,”that is a huge increase, In 25 years I’ve worked with this company, we have never raise the rate 25 percent.”
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.
August 25, 2008
Thanks for all the info you present is this blog.
your investment is going to pay itself back 25 times faster then before.
You need to check your math…Should read 25 percent faster which is a big difference.
August 25, 2008
ZenDude,
no problem! thanks for leaving the comment. Right on, this is the logic behind my math, since SCE rates are going up 25%, which is the highest rate hike in history. When you purchase and install a solar power system, the avg cost per kWh over the life of the system is 15 cents per kWh.
I figured since rates are jumping up 25%, if you have a solar power system and your rates are locked in, would it not mean you would break even faster since the cost of SCE rates are increasing?