Residents of southern California will soon have a clean alternative way to get their electricity. This government program will offer costs 5% below current Edison customers. There are no limitations to who can join. Small businesses are eligible as well. Long Beach and Torrance will require approval by officials before residents can join the program. Initial funding is $10 million, $2 million for admin costs and $8 million for purchasing power. Revenue is expected to reach $1.2 billion after 3 years.
Currently California has been able to produce two-thirds of the state’s electricity from renewable sources. If hydropower is added to the equation, the renewable production can reach up to 80.7%.