What happens in California doesnât stay in California?
It becomes a matter of supply and demand â and, as any beginner economics student will tell you, when the latter outpaces the former, prices will go up.
So it is that the 17,000 city of Mesa Electric Service Area customers are likely to be paying more for their electric bills in coming months.
Mesa Electric is being âsqueezedâ by California to the west and Texas to the east; droughts, heat waves and cold snaps have drained reserves, increasing prices that places like Mesa pay on the âwholesale energy market.â
âWhat happens in California affects us,â Anthony Cadorin, city energy resources coordinator, told Mesa City Council during a study session last week.