Had a meeting last week about the cost of electricity and how the cost is going up, substancially. The cost associated with the generation of power is going up and in turn will be passed to the consumers.
Rising demand: Economic growth in the U.S. and overseas has increased the demand for energy.
Higher fuel cost: Fuel used to generate electricity (natural gas, coal, oil) is getting more expensive.
Power grid and equipment investments: Much of the nationís electricity grid and many generating plants are aging. Investments are being made to increase transmission and generating capacity and reliability.
Increasing regulations: Utilities are faced with the cost of compliance with environmental regulations and other government requirements.
Volatile wholesale market: Prices in the wholesale power market have increased substantially in recent years and continue to climb.
Just something to think about as we roll into the summer.
What is your cost per KW of power.
It's amazing how stupid some people can be.