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California has glut of electricity but residents still pay 40% more than national average

February 7, 2017

Via: CNBC

Reduced energy demand and a glut of power have created a situation where Californians are paying more for their electricity than they should be, according to a report.

The Golden State “has a big — and growing — glut of power,” an investigation by the L.A. Times reported Sunday. The paper said by 2020 California could generate “at least 21 percent more electricity than it needs” — and that’s excluding power from rooftop solar sources.

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