Electricity Bills Soared 30% Since Biden Took Office. More Pain Is Coming
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antithesis
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Posted 12:16 am, 04/26/2024
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It's true that electricity prices dropped in November and December 2020... and you can see that it always drops during those months. But in October 2020 they US average per kilowatt-hour was $13.66.
The rate is currently $15.88, which the article shows is a reflection of high natural gas prices last year. This is an increase of 16.25%... not 30%.
And since the rates for natural gas went down, rates are expected to go down to $14.98 by December 2024. Which would be 9.66% higher than 2020... again, not 30%.
The OP seems to have cherry picked the lowest rate and compared it to the highest rate in order to make a (false) political statement, while ignoring the actual facts.
The next logical question would be, why did the cost of natural gas increase so much?
The short answer is... climate change. Severe weather disrupted the supply...
You can also see from the above article that dry natural gas production in the US increased starting in 2021... which has helped to keep the rates low in spite of the hyper inflation from the Trump economy.
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UnoFire
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Posted 11:02 pm, 04/25/2024
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That boy, Pedo Fakey the Troll still crying?
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Fakey
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Posted 9:40 pm, 04/25/2024
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Hey jumBL0Wsall, shed your sloth AND focus your limited attention on the OP AND then follow that with a liberal comprehension to what the nice young lady from WSOC said about the matter.
Get back to us when YOU have difficulty with the big words.
YOU go, sucker !
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Jimbojolly
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Posted 8:25 pm, 04/25/2024
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DBCoupCoup, state the procedure and provide actual proof that Biden raised your electricity bills even one penny?
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DB Cooper
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Posted 5:57 pm, 04/25/2024
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What the the Biden EPA's new power plant rules could mean for Duke Energy
Let me guess... higher rates for their customers?
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antithesis
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Posted 5:17 pm, 04/25/2024
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Luckily, Biden understands basic economics where Trump did not, and wages have surpassed inflation since January 2023...
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Tilly22
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Posted 1:37 pm, 04/25/2024
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Blue Ridge Electric Membership Corp. (Blue Ridge Energy) CEO Doug Johnson voiced concern about the N.C. Energy Solutions Act (House Bill 951) during his cooperative's annual meeting on June 22 in Lenoir.
Johnson said a key concern with HB 951 is "going too far, too fast with the energy transition to renewables" and added that this could adversely impact reliability and affordability of energy for Blue Ridge members.
https://www.journalpatriot....14d18.html
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UnoFire
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Posted 1:14 pm, 04/25/2024
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No he didnt, you chose to make up what was actually stated, as you always do.
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DB Cooper
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Posted 12:55 pm, 04/25/2024
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The CEO of Blue Ridge Energy, a very well run company IMO, has expressed his misgivings about Biden's headlong rush to renewable energy twice recently in their newsletter.
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Always Right
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Posted 11:41 am, 04/25/2024
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EVRYTHING HAS SOARED SINCE STUPID JOE BIDEN (PER THE ARTCHBISHOP) TOOK OFFICE.
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tribune
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Posted 11:08 am, 04/25/2024
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DumbBell, you should be happy Duke Power are Trump supporters, so your money is going to a "good cause."
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UnoFire
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Posted 10:47 am, 04/25/2024
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Its called double dipping and they know they can get away with it.
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UnoFire
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Posted 10:46 am, 04/25/2024
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Energy companies took tax handouts then turn around and use the excuse they had to buy new stuff as a reasoning for raising your bill.
Sounds like DB is obsessed with being duped by the energy companies.
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interesting fact
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Posted 10:40 am, 04/25/2024
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Everything has gone up with Biden's administration. Fools are the only ones that support him or ones that thinks it is the government's responsibility to take care of them.
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DB Cooper
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Posted 10:16 am, 04/25/2024
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Energy prices in the United States are wreaking havoc on budget-sensitive households, making it harder for families to save money or get ahead financially. [emphasis, links added] Since President Joe Biden took office in January 2021, Americans' electricity bills have skyrocketed nearly 30%, or 13 times faster than in the previous seven years, according to a Wall Street Journal analysis of the latest consumer price index data.
The data showed that the energy index rose by 1.1% in March following a 2.3% increase in February. The gasoline and electricity index also increased in March, climbing 1.7% and 0.9%, respectively.
The U.S. Bureau of Labor Statistics (BLS) reports that the energy index jumped 2.1%, the gasoline index increased 1.3%, and the electricity index soared 5.0% annually.
Despite the Federal Reserve holding interest rates steady since July 2023, inflation continues to pose a problem for policymakers and households.
" There is no improvement here, we're moving in the wrong direction," said Bankrate chief financial analyst Greg McBride in an interview with Fox Business. "The usual trouble spots persist - shelter, motor vehicle insurance, maintenance, repairs, and service costs. Add electricity to that list, up 0.9% in March and 5% over the past year." Part of the reason for the surge in energy prices is due to the push to replace fossil fuels and nuclear power plants with renewable subsidies and green-energy mandates. -- Climate Dispatch
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