Energy & Water
What is happening? California is feeling the pinch of unintended consequence of banning natural gas in the form of gas heaters & water heaters. A Public Utility Commissioner in California said ““By eliminating these subsidies, we eliminate a financial incentive that is now a perverse incentive,” when referring to the rate base costs that natural gas providers enjoy in California.
Why is this important? The ban needs not only new builds but also replacing old natural gas equipment will require buying new electric devices that can both heat and cool homes
How will this be important? Similar policies exist in New York, Seattle,and Chicago.
Route Fifty | California’s 2030 Ban on Gas Heaters Opens a New Front in the War on Fossil Fuels
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