“…Specifically in California where hydrometeorological conditions already drive price volatility (Su, Kern, Reed, & Characklis, 2020), climate change has increased the risk for low‐precipitation events that are also warm (Diffenbaugh et al., 2015). Because these changes are happening at the same time that power systems are evolving toward more renewables, there is a need to incorporate climate impacts in electricity system planning (Coughlin & Goldman, 2008; Craig et al., 2018; Peter, 2019; Ralston Fonseca et al., 2021).…”