The Future of Utility Rate Escalation in California
Utility rates in California’s Investor-Owned Utilities (IOU) have escalated at a compound annual growth rate of 3.9% to 7.4% over the last ten years. Energy Toolbase recently conducted this study to provide a transparent account of the rate inflation and predict future inflation rates, serving as a guide for how those in solar and storage sales will define utility rate escalation in their proposals.