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June 06, 2026
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The Big Story briefing 5 min read

When Energy Inflation Splits the Map, Rate Policy Cuts Against Its Own Cure

When Energy Inflation Splits the Map, Rate Policy Cuts Against Its Own Cure Somewhere on the California grid on Friday afternoon, a megawatt-hour of electricity changed hands for less than the price of a sandwich. CAISO SP15 settled at $1.74. Two hundred miles inland, Palo Verde cleared $7.50 and M...

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