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By Mary Ratcliff (about the author) Page 2 of 2 page(s)
One complaint I've seen is how expensive electricity is in California and that this results in companies wanting to do business elsewhere. Yet, each kwh of energy used in California goes farther than a kwh in another state (see chart). In fact, when the Chinese investigated adopting some of California's standards and calculated the costs, they concluded that they could invest a quarter of what it would cost to generate 1 MW into technology that could save 1 MW. California's approach to charging more to save more is cheaper in the long run. The benefits to consumers from energy efficiency investments are, if anything, likely to compound. Once you hit the payback period, energy efficiency is like a cash cow -- it just keeps saving and saving. (And saving.) And we are on the track to doing something about those greenhouse gases.
More on this story from paradox and the SF Gate.com.
* Here's what Cheney said during the California energy crisis:
Ole supply-side can't get rich on our saving energy. No wonder he doesn't get it."What's happened in California, I would argue, is they've taken the route of saying, 'Well, we can conserve our way out of the problem. All we have to do is conserve; we don't have to produce any more power.'
"So they haven't built any electric power plants in the last 10 years in California, and today they've got rolling blackouts, because they don't have enough electricity; they've got rising prices; they've got a whole complex of problems that are caused by relying only on conservation and not doing anything about the supply side of the equation."
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