Dutch Uncle
* Tertia Optio * Defend the Constitution
As Democrats push for more electric cars and a fossil-fuel-free nations, Republicans are pushing to shut down government over "the Wall". Neither seem interested in pushing for solving the problems facing Americans on a daily basis. While the link below points to "light at the end of the tunnel" 22 years from now, that's not helping families now.
https://www.newsweek.com/electricit...energy-bills-inflation-interest-rates-1850199
Americans Pinched as Electricity Costs Hit All-Time Highs
Electricity rates in the U.S. soared to all-time highs in September, with Americans facing the sting of higher energy bills.
The Bureau of Labor Statistics reported a spike to $0.171 per kilowatt-hour in September, presenting a harsh reality against the backdrop of a seemingly robust economy. While costs moderated to $0.169 per kilowatt-hour in October, industry experts point to a web of causes including geopolitical tensions, global pandemics, and green energy transitions which indicate that the days of stable, low-cost electricity might be fading and a new reality may be emerging....
...Will I Have High Electric Bills Forever?
There is light at the end of the tunnel. "Some of these factors are subsiding," Thomson explained, "and since regulated utilities are required to pass cost decreases through to customers as well as cost increases, some customers could see lower bills in the coming year."
The U.S. Power Utilities & Renewables leader told Newsweek that as the industry increasingly turns to renewable sources like wind and solar, which are not fuel-reliant, the potential for moderating costs emerges. "Over time, as the share of electricity generated by renewables such as wind and solar continues to grow, it could tend to moderate costs since those energy sources do not use fuel, and those savings would be passed on to customers," he noted.
He remains optimistic about the long-term impact of renewable energy, adding, "As the energy transition progresses, households that electrify their energy use by replacing fossil-fueled cars, heating systems, and other appliances with EVs, heat pumps and electric appliances could potentially see as much as a 40 percent decrease in household energy bills by 2045."
https://www.newsweek.com/electricit...energy-bills-inflation-interest-rates-1850199
Americans Pinched as Electricity Costs Hit All-Time Highs
Electricity rates in the U.S. soared to all-time highs in September, with Americans facing the sting of higher energy bills.
The Bureau of Labor Statistics reported a spike to $0.171 per kilowatt-hour in September, presenting a harsh reality against the backdrop of a seemingly robust economy. While costs moderated to $0.169 per kilowatt-hour in October, industry experts point to a web of causes including geopolitical tensions, global pandemics, and green energy transitions which indicate that the days of stable, low-cost electricity might be fading and a new reality may be emerging....
...Will I Have High Electric Bills Forever?
There is light at the end of the tunnel. "Some of these factors are subsiding," Thomson explained, "and since regulated utilities are required to pass cost decreases through to customers as well as cost increases, some customers could see lower bills in the coming year."
The U.S. Power Utilities & Renewables leader told Newsweek that as the industry increasingly turns to renewable sources like wind and solar, which are not fuel-reliant, the potential for moderating costs emerges. "Over time, as the share of electricity generated by renewables such as wind and solar continues to grow, it could tend to moderate costs since those energy sources do not use fuel, and those savings would be passed on to customers," he noted.
He remains optimistic about the long-term impact of renewable energy, adding, "As the energy transition progresses, households that electrify their energy use by replacing fossil-fueled cars, heating systems, and other appliances with EVs, heat pumps and electric appliances could potentially see as much as a 40 percent decrease in household energy bills by 2045."
