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High electricity bills are the result of government-dictated green energy schemes.
High electricity bills are the result of government-dictated green energy schemes.
Electricity rates have risen 47% faster than the CPI in the last 12 months, and nearly 24% overall since the Biden-Harris administration began.1 [When Joe Biden took office in Jan 2021, the monthly average for residential electricity was 12.62 per kilowatt-hour. As of April 2024, the average was 16.88. That’s a 33.77% increase. —CCD Ed.]
As Americans struggle with rising summer electricity bills, it’s important to know that this struggle was 100% unnecessary and 100% preventable.
High electricity bills are the result of government-dictated schemes—such as the recent Inflation Reduction Act (IRA)—to build massive, wasteful, unreliable solar and wind infrastructure.2
As bad as higher electricity prices seem, they are far worse since we are also paying huge IRA subsidies through taxes and inflation that don’t appear on our utility bills.
Because solar and wind can go near zero at any given time, they don’t replace reliable power plants—they add to the cost of reliable power plants.
That’s why electricity prices have gone up even as the cost of natural gas, our leading source of electricity, has gone way down.3
The solution to high electricity bills is to end all preferences for unreliable electricity.
Read more at Energy Talking Points
The post Why Electricity Bills Keep Rising Under Biden’s Green Regime appeared first on Energy News Beat.
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