Clerico: Electric bills must rise to reflect California wildfire risk
Bill Clerico · No Priors Ep. 98 | With Convective Capital Founder Bill Clerico · Jan 23, 2025 · at 22:45
Bill Clerico, founder of Convective Capital, discusses the necessity of higher electric rates in high wildfire risk areas to fund grid safety upgrades.
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“The cost of energy generation is sort of artificially low right now. It does not reflect the risks of wildfire. And so it probably means that electric bills need to go up, particularly in sort of high fire risk areas to fund a lot of this capex.”
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