California’s high electricity rates have to come into focus in recent weeks with affordability packages proposed by the State Legislature and Administration. These packages consider alternative ways to finance transmission infrastructure as one way to reduce costs. In this blog we provide context for these proposals by examining a suite of potential options to reduce electricity rates.

Although California has made significant climate progress, there is growing evidence of implementation barriers such as financing, procurement and permitting bottlenecks that are slowing clean energy deployment. This is the focus of a recent report by Boston Consulting Group (BCG) - developed in partnership with former Governor Newsom advisor and state energy czar Ana Matosantos - which details a series of policy recommendations to overcome these barriers and keep the state on track towards in 2030 and 2045 climate goals.

SB 308 (Becker) would establish a world-first framework to deliver carbon dioxide removal at scale. In this blog post we highlight the key elements of the bill, how it could facilitate hundreds of millions of dollars in new federal clean energy investments and enable the state’s climate goals.