As much as $20 billion in upgrades will be required, but the electric vehicle transition could still reduce rates statewide.
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, the price customers pay could stay the same or even inch upward. Li also acknowledged that many factors may complicate how energy prices change for customers, including energy efficiency programs and rooftop solar.complicates the price picture further.
In the face of long waits and high prices, options exist that can ease the pace and extent of upgrades required to manage increasing loads, said Kristin Eberhard, the senior policy director at Rewiring America, a nonprofit focused on electrification. Utilities also can leverage big data. About a decade ago, in preparation for the surge in electric vehicles, Burbank Water and Power, a Los Angeles-area utility, developedthat allowed it to monitor its equipment with a high level of precision and accuracy, detect potential outages before they occur, and identify other sources of inefficiency and vulnerability.
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