The excellent Financial & Statistical Report from $eix is now out for 2020
Nuggets:
Resi kWh +12% due to WFH offset losses in comm/indu
Total kWh +0.9%
The 12% gain in a single year is absolutely stunning in the context of a multi-decade trend line
Rising interest in rooftop solar from $run $nova $spwr is very understandable, but will reverse somewhat
Solar 19.7% of Edison's power mix vs 1.2% in 2010
Rate base $34.7B vs $15.5B in 2010 (+124%)
Yet, resi rates only +17% vs 2010 thanks to cratering natural gas prices
HH $2.04/mmbtu vs $4.52 in 2010
The kicker
Area peak demand of 23,133 MW in 2020 was surpassed in 2017/18 and even in 2007
Managing system reliability due to generation mix shift and loss of SONGS will remain the operational challenge rather than managing the ever increasing loads of the postwar SoCal boom
• • •
Missing some Tweet in this thread? You can try to
force a refresh