Electric cars make utility bills cheaper for everyone, new research finds

[signalmankenneth]

Electric cars are helping push electricity rates down in the US, according to a new study.

They bring lots of revenue to utility companies, but don't cost much to provide energy to.

Since utilities can't reap unlimited profits, EVs help push rates down.

Owners of electric vehicles aren't just cutting their own carbon footprints — they're also helping lower utility bills for everyone else, according to a recent study funded by the Natural Resources Defense Council.

Researchers at Synapse Energy Economics zeroed in on three California utilities that serve lots of households with electric cars (more than 735,000 at the end of 2021). They compared the costs of providing energy to those EVs with the revenue customers generated and found that from 2012 to 2021, EV owners netted utilities $1.7 billion in pure profit.

https://www.yahoo.com/finance/news/electric-cars-utility-bills-cheaper-120500032.html

I hope to end my driving, with an EV vehicle too?!!

 

[Hawkeye10]

Electric cars are helping push electricity rates down in the US, according to a new study.

They bring lots of revenue to utility companies, but don't cost much to provide energy to.

Since utilities can't reap unlimited profits, EVs help push rates down.

[FONT=&]Owners of electric vehicles aren't just cutting their own carbon footprints — they're also helping lower utility bills for everyone else, according to a recent study funded by the Natural Resources Defense Council.
[/FONT]
[FONT=&]Researchers at Synapse Energy Economics zeroed in on three California utilities that serve lots of households with electric cars (more than 735,000 at the end of 2021). They compared the costs of providing energy to those EVs with the revenue customers generated and found that from 2012 to 2021, EV owners netted utilities $1.7 billion in pure profit.

https://www.yahoo.com/finance/news/electric-cars-utility-bills-cheaper-120500032.html
[/FONT]

I hope to end my driving, with an EV vehicle too?!!

Back in reality space California has super expensive electricity and a very shitty grid that needs many billions of dollars of work.

 

[Into the Night]

Electric cars are helping push electricity rates down in the US, according to a new study.

They bring lots of revenue to utility companies, but don't cost much to provide energy to.

Since utilities can't reap unlimited profits, EVs help push rates down.

[FONT=&]Owners of electric vehicles aren't just cutting their own carbon footprints — they're also helping lower utility bills for everyone else, according to a recent study funded by the Natural Resources Defense Council.
[/FONT]
[FONT=&]Researchers at Synapse Energy Economics zeroed in on three California utilities that serve lots of households with electric cars (more than 735,000 at the end of 2021). They compared the costs of providing energy to those EVs with the revenue customers generated and found that from 2012 to 2021, EV owners netted utilities $1.7 billion in pure profit.

https://www.yahoo.com/finance/news/electric-cars-utility-bills-cheaper-120500032.html
[/FONT]

I hope to end my driving, with an EV vehicle too?!!

Nothing is 'pure profit', dumbass.

It costs money to provide the extra generating capacity, the extra current handling capability, and for the massive local transformer and regulator that these charging stations require.
Utility companies must purchase power at the wholesale rate designated by the grid administrator. Those rates have to go through an approval process, since they involve government. Contributing factors is the cost of installing and maintaining the equipment, and the prices paid to power generating plants for their power.

 

[Into the Night]

Back in reality space California has super expensive electricity and a very shitty grid that needs many billions of dollars of work.

The condition of the shoddy equipment in the SODC is putting the entire Western Regional Interconnect at risk, affecting even parts of Canada. It also is the cause of several wildfires every year, usually from sagging wires (due to heavy current flow), or high winds causing power lines to short or snap. The insulators are in poor condition as well, resulting in leakage current causing fires at localized points along the network.

Fortunately, this is a modern grid, able to respond better to cascading outages caused by idiots like in the SODC. This DOES mean the SODC would be shut off and isolated from the rest of the system to save the rest of the system, resulting in not just rolling blackouts, but BLACKOUTS.

It sure beats the Northeast Interconnect, which uses older equipment and failed miserably in 1965, and AGAIN in 2003. Both events required a black start.

The Texas Interconnect did not collapse that cold winter in Texas. Operators responded in time to the unexpected loss of generating capacity due to severe icing conditions by shedding load. Some lost power, but it was available elsewhere. Much of the Texas generating capacity (primarily natural gas and wind) could not operate in icing conditions. The frequency dropped below 59.4Hz for four minutes, just five minutes from total collapse. It was the worst icing storm in recorded history for Texas.

 

[floridafan]

The condition of the shoddy equipment in the SODC is putting the entire Western Regional Interconnect at risk, affecting even parts of Canada. It also is the cause of several wildfires every year, usually from sagging wires (due to heavy current flow), or high winds causing power lines to short or snap. The insulators are in poor condition as well, resulting in leakage current causing fires at localized points along the network.

Fortunately, this is a modern grid, able to respond better to cascading outages caused by idiots like in the SODC. This DOES mean the SODC would be shut off and isolated from the rest of the system to save the rest of the system, resulting in not just rolling blackouts, but BLACKOUTS.

It sure beats the Northeast Interconnect, which uses older equipment and failed miserably in 1965, and AGAIN in 2003. Both events required a black start.

The Texas Interconnect did not collapse that cold winter in Texas. Operators responded in time to the unexpected loss of generating capacity due to severe icing conditions by shedding load. Some lost power, but it was available elsewhere. Much of the Texas generating capacity (primarily natural gas and wind) could not operate in icing conditions. The frequency dropped below 59.4Hz for four minutes, just five minutes from total collapse. It was the worst icing storm in recorded history for Texas.

Auto manufacturers have made a major commitment to electric vehicles, in the range of billions of dollars. They are not in business to waste money foolishly. They know exactly what they are doing, and until something better comes along, electric is the future.

 

[Into the Night]

Auto manufacturers have made a major commitment to electric vehicles, in the range of billions of dollars. They are not in business to waste money foolishly. They know exactly what they are doing, and until something better comes along, electric is the future.

Less than 1% of the total cars on the road isn't the future. The year 1832 isn't the future either.

 

[floridafan]

Less than 1% of the total cars on the road isn't the future.

Its a start sweetie, and almost every auto manufacturer is committed to being 100% electric within the next few years. All the while you still yearn for the Ford Model T.

Shit my dear, living in MI you know damn well what GM and Ford are planning

 

[Street Glider]

My electric bill ain't that high; I'm good...

 

[Into the Night]

Its a start sweetie, and almost every auto manufacturer is committed to being 100% electric within the next few years. All the while you still yearn for the Ford Model T.

Shit my dear, living in MI you know damn well what GM and Ford are planning

Government Motors (GM) is told by the government to manufacture electric cars.
Ford will manufacture some, but they are largely staying with gas cars. That's where the market is.
The Model T was a wildly successful car for it's day. It sold a hell of a lot better than any electric car.
There are a LOT of auto manufacturers. Toyota, the largest, is manufacturing some electric cars, some hydrogen fueled cars, some natural gas fueled cars, but the bulk of them are gasoline fueled cars.

Stop making shit up.

Less than 1% is NOT 100%

 

[floridafan]

Government Motors (GM) is told by the government to manufacture electric cars.
Ford will manufacture some, but they are largely staying with gas cars. That's where the market is.
The Model T was a wildly successful car for it's day. It sold a hell of a lot better than any electric car.
There are a LOT of auto manufacturers. Toyota, the largest, is manufacturing some electric cars, some hydrogen fueled cars, some natural gas fueled cars, but the bulk of them are gasoline fueled cars.

Stop making shit up.

Less than 1% is NOT 100%

Once again, sweetie pie, every auto manufacturer, worldwide, is committed to electric in the very near future.

https://fortune.com/2022/06/01/ford-general-motors-electric-vehicles-jobs-fortune-500/

 

[Into the Night]

Once again, sweetie pie, every auto manufacturer, worldwide, is committed to electric in the very near future.

You are chanting again.

 

[Hawkeye10]

California’s transition to clean electric power will require $30.5bn investment in high-voltage bulk transmission infrastructure by 2040 to tie together a potential 121GW of new battery storage and renewable energy production, according to a planning document issued by the state’s grid operator.

https://www.rechargenews.com/energy...-unprecedented-green-power-demand/2-1-1165980

Keeping in mind that the tech is not ready, they really have no idea how much this will cost, but it will be a lot. Actually as I think Prima has been talking about already the battery idea is in doubt, battery tech is not ready, turning the extra solar and wind into hydrogen and then turning the hydrogen back into electricity might be the way to go, even with the step energy loses.

They dont know, we are switching before we are ready, which means near certain disaster.

 

[Yakuda]

Electric cars are helping push electricity rates down in the US, according to a new study.

They bring lots of revenue to utility companies, but don't cost much to provide energy to.

Since utilities can't reap unlimited profits, EVs help push rates down.

[FONT=&]Owners of electric vehicles aren't just cutting their own carbon footprints — they're also helping lower utility bills for everyone else, according to a recent study funded by the Natural Resources Defense Council.
[/FONT]
[FONT=&]Researchers at Synapse Energy Economics zeroed in on three California utilities that serve lots of households with electric cars (more than 735,000 at the end of 2021). They compared the costs of providing energy to those EVs with the revenue customers generated and found that from 2012 to 2021, EV owners netted utilities $1.7 billion in pure profit.

https://www.yahoo.com/finance/news/electric-cars-utility-bills-cheaper-120500032.html
[/FONT]

I hope to end my driving, with an EV vehicle too?!!

So let me get this straight last year california couldn't keep everyone's lights on because they couldn't keep up with demand but having more electric cars will make it easier for them to provide electricity to everyone.