The problem is that the state’s target for renewable energy generation is far ahead of the market for such energy. In fact, private R&D funding for renewable energy is $1 billion less than it was 10 years ago, according to the state energy commission.
That’s because, for all the promise of renewable energy, the price of electricity generated by solar, wind, geothermal and other renewable sources remains higher than the price of electricity generated by natural gas and nuclear power, which, between them, continue to generate 70 percent of the Golden State’s electricity.
That’s why lawmakers have mandated an artificial share of the state’s electricity market to renewable energy. That also is why the state government continues to directly and indirectly subsidize renewable energy.
Click to read more, at State promotes renewable energy at all costs | CalWatchDog