Over the last 8 quarters their average profit margin is a whopping 3.25%. If you think that’s just too high I’m not sure what to tell you.
An alternate way to look at the CA rule change is that CA needs more installed storage to shore up the shitty grid, and incentivizing people to install solar alone via net metering isn’t a great idea anymore. Remember that peak power demand is right around and just after sunset.
> Over the last 8 quarters their average profit margin is a whopping 3.25%
This is the trade-off you take when you become a quasi-government company. You get a low, but nearly guaranteed profit. Executives still get their bonuses, employees get paid, etc.
If they want more variable rates of return then they can drop the public protections and go full private like any other regular company.
> Over the last 8 quarters their average profit margin is a whopping 3.25%. If you think that’s just too high I’m not sure what to tell you.
Profit margin is after deducting all expenses. A lot of corrupt spending can be included in expenses to reduce the profit margin at will while still raking in the cash. So yes, that's absurdly high given how they operate.
An alternate way to look at the CA rule change is that CA needs more installed storage to shore up the shitty grid, and incentivizing people to install solar alone via net metering isn’t a great idea anymore. Remember that peak power demand is right around and just after sunset.