California Electricity Pricing Exploded in the Last Three Years, Far Outpacing Inflation

Energy Toolbase, a financial modeling platform specializing in solar and energy storage that collects nationwide electricity tariffs and rates, has published an in-depth analysis on the inflation of California’s electricity rates over the past decade. The analysis found that the state’s electricity inflation far outpaced generation inflation, averaging 15.3% from the 2020 through 2023. This surge came on the heels of a comparatively modest six-year span, which saw an average inflation of 1.6%.