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Until the pandemic hit this year, this administration stopped those declines and had even begun to reverse them. Stopping such a steep and rapid decline is significant in itself and shouldnt be overlooked, this administration has worked to address eight years of regulatory overreach to level the playing field not just for coal but a variety of industries. The result has been a return of competition in the energy industry although we still have a long way to go thanks to outsized subsidies for renewables.
Californias rolling blackouts this summer were a stark reminder of the immense challenges faced by moving away from dispatchable power to greater reliance on intermittent sources of energy, and Californias aggressive pivot to renewable sources of power has seen electricity prices steadily climb, rising far faster than in the rest of the country.
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