The first quarterly carbon cap-and-trade auctions in California are expected in November 2012, when businesses and utilities will start to buy and sell carbon allowances. The impact on residential ratepayers is not clear. Bureaucrats say home energy users will see no impact. Yet the report from Next Ten (below) admits that CARB is all about political perception. Furthermore, the report notes that CARB cannot insulate home ratepayers from electrify rate increases, which could jeopardize the long term success of the radical plan. See the Next Ten report below
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