Exclusive: Steve Goreham explains why costs will rise even more as more renewable plants are built
United States electricity prices are rising rapidly, up 18.1% over the last two years. Renewable-energy advocates claim that wind and solar installations produce cheaper electricity than traditional power plants, but power prices are rising as more wind and solar is added to the grid. In fact, electricity prices are soaring in leading wind-energy states.
Over a 12-year period, from 2008 to 2020, U.S. average electricity prices rose only 8%, according to the U.S. Energy Information Administration. This was much lower than the inflation rate of 20% over the same period. But power prices rose 5% from 2020 to 2021 and an additional 12.5% last year. Most of this rise was due to rising U.S. inflation, but the share of electricity generated from wind also rose, from 8.4% in 2020 to 10.2% in 2022.
Headlines announce that electricity generated from renewables is lower cost. Scientific American stated in 2017, “Wind Energy is One of the Cheapest Sources of Electricity, and It’s Getting Cheaper.” In October 2020, Bloomberg announced that “Wind and Solar Are the Cheapest Power Source in Most Places.”
Need GOVT to take over Electric companies !!!!! They are GOUGING us to death esp in the WINTER !!!!
Nooooooo gubmint PLEASE!
They like to hide the TRUE bill too on their website so you get slammed with a double amount !!!!!
Anybody else remember what Barry Soetoro promised us?
No 5:09, what was it ??
Govt should cut the electric bills in Half !!!!
Not with our tax dollars
These companies have more $$$$$$ than the Govt & need to be REGULATED !!!!!! Anti-Trust hearings needed