Uploaded August 2026 | Updated September 2026, 2 weeks ago
California power rates have gone up. Why?
Heron Power CEO Drew Baglino gives 3 reasons:
1. Wildfire abatement costs and liability from past fires
2. Rising costs of the components needed to maintain and build out the grid
3. Most controversial: net energy metering. Homeowners with solar used to get paid full retail price for excess power they sent back to the grid, even though it costs the utility less to buy that power than to deliver it to a home.
That's since changed, and Drew thinks rates could actually start coming down from here.
California power rates have gone up. Why?
Heron Power CEO Drew Baglino gives 3 reasons:
1. Wildfire abatement costs and liability from past fires
2. Rising costs of the components needed to maintain and build out the grid
3. Most controversial: net energy metering. Homeowners with solar used to get paid full retail price for excess power they sent back to the grid, even though it costs the utility less to buy that power than to deliver it to a home.
That's since changed, and Drew thinks rates could actually start coming down from here.
