Gold has also been used in dental technology for around 3000 years. Because of its excellent conductivity, gold is used particularly in the electrical industry. The yellow precious metal is easily workable and conducts electricity and heat. This shows that people have always been fascinated by gold and by its rarity, durability and beauty.īecause of its properties, gold is also one of the most important industrial raw materials. and the first gold coins were minted in 50 B.C. They don’t mark up the energy itself because that’s part of their arrangement with regulators: utilities are the only provider of an essential good, so regulators set limits on how much they can profit.Gold was extracted in Egypt as early as 2000 B.C. Utilities typically don’t mark up the items being delivered by the trucks, but they do make money on building and maintaining and operating the infrastructure - in their case, things like power lines and utility poles. This is the part where a 10-second detour on how utilities make money could come in handy: Think of a road where trucks are delivering a bunch of stuff people ordered.

By 2025, SDG&E’s bundled residential average rates “are forecast to be approximately 70 percent … higher than they would have been if 2013 rates … had grown at the rate of inflation,” the CPUC writes. This is higher than the 7 percent annual average rate increase at Pacific Gas & Electric and 5 percent at Southern California Edison, according to the CPUC. This combination - a pursuit of profit that is modulated by regulation - has still allowed SDG&E’s bundled residential average rates to increase since 2013 at an annual average rate of about 10 percent.

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