Utility companies are always looking for ways to increase the efficiency of their operations and reduce their environmental impact. One way they are doing this is by investing in renewable energy sources.
San Diego Gas & Electric (SDG&E) is one utility company that is making a significant investment in renewable energy. In fact, SDG&E has committed to getting 33% of its power from renewable sources by 2020.
This is a major shift for the utility, which has historically relied heavily on natural gas and nuclear power.
So, what is SDG&E getting from this investment in renewable energy?
For starters, renewable energy is a cleaner and more sustainable source of power than fossil fuels. This is important for two reasons.
First, it reduces SDG&E’s environmental impact. Second, it helps the utility company meet its goal of reducing greenhouse gas emissions by 80% by 2050.
In addition to the environmental benefits, renewable energy is also more cost-effective than traditional sources of power. This is due to the declining cost of renewable technologies, as well as the fact that renewable energy sources are not subject to the same price volatility as fossil fuels.
Lastly, renewable energy provides SDG&E with a hedge against future price increases for natural gas and other fossil fuels. This is because the cost of renewable energy is not expected to increase in the future, unlike the cost of fossil fuels, which is expected to continue to rise.
Investing in renewable energy is a smart move for SDG&E and other utility companies. It’s good for the environment, it’s good for the bottom line, and it’s good for the future.
Other related questions:
Q: How much of SDGE power is renewable?
A: SDGE does not release information on the exact percentage of renewable energy that it produces. However, the company has a goal of providing 33% of its power from renewable sources by 2020.
Q: Where does Sdge get its power from?
A: San Diego Gas & Electric (SDG&E) is a public utility that provides electricity and natural gas service to more than 3.6 million consumers in San Diego and southern Orange counties. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
Q: Who is leading in renewable energy 2021?
A: There is no definitive answer to this question as the renewable energy sector is constantly evolving. However, some of the leading countries in renewable energy include China, the United States, India, and Brazil.
Q: How much of California’s energy is renewable 2022?
A: As of 2022, California’s energy mix is about 29% renewable.