Free Republic

In 2020, California imported about 25% of its demand for electricity from Oregon, Washington, Nevada, and Arizona due to the capacity limitations of the three utilities that serve the State (Pacific Gas and Electric, Southern California Edison, and San Diego Gas and Electric). These capacity limitations resulted from the closure of fossil fuel plants and environmental restrictions imposed by regulatory authorities in California to meet climate change standards. New England, New Jersey, and New York combined imported about 30% of their demand from either neighboring states or Canada. Many utilities in PJM and MISO import electricity from TVA and the...

On Tuesday, April 25, 2023, Huw Pill, the Bank of England's chief economist, warned U.K. citizens that they need to accept that they are poorer and stop pushing for higher wages. "Yes, we're all worse off," he said, saying that seeking to offset rising prices with higher wages would only fuel more inflation. "So somehow in the U.K., someone needs to accept that they're worse off and stop trying to maintain their real spending power by bidding up prices, whether higher wages or passing energy costs through on to customers, et cetera." This was a somber assessment of the state...