Summary of Electricity prices are on the rise. Is it inflation or an underlying issue?
Summary of Electricity prices are on the rise. Is it inflation or an underlying issue?
Rising electricity costs and heat records have led to energy poverty, with 16% of US households unable to afford utilities. The cost of electricity has increased by 28.5% since 2019, with the average American paying nearly $300 a month. Experts say clean energy is a long-term solution to alleviate the issue, but better policy and funding are needed to ensure an affordable transition.
quoting nevent1q…elceElectricity prices are on the rise. Is it inflation or an underlying issue?
U.S. energy infrastructure has proven to be problematic as-is, and threats to its reliability are growing. Experts say there's a solution.
https://www.cbsnews.com/news/electricity-prices-rising-inflation-climate-change-clean-energy/
Rising electricity costs and heat records have led to energy poverty, with 16% of US households unable to afford utilities. The cost of electricity has increased by 28.5% since 2019, with the average American paying nearly $300 a month. Experts say clean energy is a long-term solution to alleviate the issue, but better policy and funding are needed to ensure an affordable transition.