Saw one of your pieces on the state and electricity. Here is my cut on the topic.
We have a governor who must have slept through Econ 101.
The energy problem is simple. Too many dollars are chasing too little electricity. The best way to reduce the price is to not pay it. The only way to get what one wants is to be willing to walk away. Only the generators have done that and they have the price they want.
Had retail price followed the wholesale price last July the problem would be over. We, the rate-tax payer, would have made choices and both demand and price would have fallen. Things may have hurt for a short time but that would be behind us by now.
For us, higher cost would pinch. Unpredicted interruption of work in progress would be devastating. Cost would be thousands of dollars per day instead of per month.
Yes, there needs to be protection of rate payers, but not at the expense of tax payers. Most of us are both. It makes no difference if we pay rates or taxes. Put the full price at the meter and we will choose to pay or walk. The market will distribute the limited commodity to those willing to pay. Yes, there will be pain, rate pain or tax pain! Put the pain at the meter where we have some control.
Poor people will not be protected by making more people poor. Is that not the current process? A lifeline rate would take care of basic needs. No one need die, but without TV, they will live!
Which leads to the epitaph for Gray; “Buy high, sell low!” What wisdom.
Nat B. Dellavalle, CPAg/SS
Dellavalle Laboratory, Inc.
1910 West McKinley, Suite 110
Fresno, CA 93728-1298
(559) 233 6129