alt Hacker NewsThe reason PGE is so expensive is because it's a privately owned monopoly with a fiduciary duty to maximize shareholder returns. Additionally, the urban areas of California are subsidizing the fire prone rural areas of the state.
The "fake costs" are not primarily from regulation as much as it is from the need to squeeze profit. For comparison, look at Silicon Valley Power which is owned and operated by the city of Santa Clara. SVP charges $0.175/kwh vs PGE $0.425/kwh. [1]
[1] - https://www.siliconvalleypower.com/residents/rates-and-fees
>the urban areas of California are subsidizing the fire prone rural areas of the state
Meanwhile Rural California is where the electricity is actually generated[1]; they're "subsidizing" urban use.
>SVP vs PG&E
This has nothing to do with the ownership model and everything to do with not being obligated to serve rural areas. They get to serve only lower cost dense areas
[1] https://en.wikipedia.org/wiki/List_of_power_stations_in_Cali...