Electrostatic theory preserves charges, but allows dipolar excitations. Elasticity theory preserves dipoles, but allows quadrupolar (Eshelby-like) plastic events. Charged amorphous granular systems are interesting in their own right; here we focus on their plastic instabilities and examine their mechanical response to external strain and to an external electric field, to expose the competition between elasticity and electrostatics. In this paper a generic model is offered, its mechanical instabilities are examined, and a theoretical analysis is presented. Plastic instabilities are discussed as saddle-node bifurcations that can be fully understood in terms of eigenvalues and eigenfunctions of the relevant Hessian matrix. This system exhibits moduli that describe how electric polarization and stress are influenced by strain and the electric field. Theoretical expression for these moduli are offered and compared to the measurements in numerical simulations.