Electricity Prices 13 Percent Higher This Year Than in 2022: EIA Projects

Electricity Prices 13 Percent Higher This Year Than in 2022: EIA Projects

Retail electricity prices, which have risen faster than the inflation rate since 2022, are expected to continue increasing this year and next, the Energy Information Administration (EIA) said in a May 14 statement. Residential electricity prices are forecast to be 13 percent higher this year compared to 2022. This is higher than the 11 percent growth in overall inflation predicted during this period. Meanwhile, the prices of residential natural …

LNG Exports Pushing Electricity Prices Higher. Not an Accident.

“Drill Baby Drill” is an empty slogan. The plan is for you to pay more for electricity, and for the fossil fuel industry’s profits and power to rise in perpetuity. Lt. Gen. Russel L. Honoré in Utility Dive: Lt. Gen. Russel L. Honoré (Ret.) is a former commanding officer of the U.S. First Army. He is … Continue reading "LNG Exports Pushing Electricity Prices Higher. Not an Accident."