Scott Marks 4:26 p.m., May 21
Lower Wholesale Energy Costs To SDG&E Mean Higher Consumer Power Prices For Small Businesses and Residents
An interesting comment appeared in an Onell Soto article about San Diego Gas and Electric Company and SDG&E's Sunrise Powerlink transmission line this past weekend as work is set to begin on that often-opposed project.
According to Soto, “SDG&E says it needs the $1.9 billion [Sunrise Powerlink] line to bring power from the wind, the sun, and geothermal plants to San Diego from the Imperial Valley. It says it will also reduce the risk of blackouts and will lower energy prices” (emphasis added).
At the same time, SDG&E has asked California's Public Utilities Commission to allow SDG&E to charge much more for electricity used during daytime business hours rather than used during evenings and weekends, where the burdens of SDG&E's proposed PeakShift at Work/ PeakShift at Home (PSW/PSH) rate hike scheme fall on small business and residential consumers in the SDG&E service area as those customers are given high-price business hour signals to shift our usage to off-peak hours. As part of PSW/PSH, we are to be charged $118 million for SDG&E to run a five-year advertising campaign for convincing us that turning on household appliances after big business closes down for the day is a good idea and a wonderful consumer benefit. Other SDG&E rate hike proposals are in various stages of dispute or approval before CPUC.
If Soto's comments are correct, then at least one SDG&E executive or spokesperson admits that SDG&E's wholesale cost of electricity is going down as SDG&E attorneys argue to CPUC for the retail price to go up on that very same electricity sold to consumers.
Business as usual at Sempra Energy's investor owned utilities, sending cash upstairs for those fat Sempra Energy quarterly dividends to shareholding speculators, every day.