U.S. power companies have applied for permission to raise electricity prices by billions of dollars, driven by the costs of replacing aging infrastructure and powering data centers for artificial intelligence, according to a new report issued this week by energy affordability advocacy group PowerLines. Utilities across the U.S. have requested or received approval to increase rates for this year's H1 by $29B, more than double the cumulative amount of rate increases requested and approved at this point last year, the PowerLines report said. U.S. customers of National Grid (NYSE:NGG), for example, who are located primarily in New York and Massachusetts, are expected to see their monthly bills increase by up to $50/month as the utility received approval to increase its rates by $708M, according to calculations by the Financial Times.
"What we're ... seeing is a deer-in-headlights dynamic," PowerLines executive director Charles Hua told FT. "A lot of states don't have a playbook for how they can meet rising demand while balancing affordability and utility bills."
The requested rate increases are also coming as coal and natural gas plants are being retired, with not enough replacement sources being built.
"A lot of states don't have a playbook for how they can meet rising demand while balancing affordability and utility bills."
States should have thought of that when they opened their legs... I mean, accepted FDRs money to roll out electricity to the countryside.
The Rural Electrification Act of 1936 (REA), enacted on May 20, 1936, provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States.
en.m.wikipedia.org
"Only The Weak Will Fail!"
Offer Valid In All Fifty States Through Jan 20, 2029.
Developer Urges Trump Not to Kill $11 Billion Power Line
financialpost.com
... Invenergy, a closely-held power developer, is calling on the Trump Administration to affirm its commitment to a $11 billion power line in the US Midwest after a US Senator from Missouri said he's secured a pledge from federal officials to halt the project.
Article content
The Grain Belt line would carry electricity generated by wind farms and other energy sources in Kansas across Missouri and Illinois to Indiana. The project is capable of delivering four nuclear power plants' worth of electricity and would be the highest capacity and second longest line in US history, according to the company.
"The Grain Belt Express transmission line is a critical energy security project, supported by a broad, multi-state coalition of stakeholders," Invenergy Chief Commercial Officer Jim Shield wrote in a letter Friday to Department of Energy Secretary Chris Wright. "It will strengthen grid reliability and resilience while saving US consumers billion of dollars," said the letter obtained by Bloomberg News ...
This has been a big selling point for the solar energy industry here in California. And, best I can tell, it is absolutely valid and accurate. Switch to solar. Save a boatload of money over the coming years.
#16 | POSTED BY MODER8
I hope so, because CA is paying way more than the rest of the country.
California has some of the highest energy prices in the country.
Renewables make electricity expensive bc they are inherently unreliable & require 100% back-up power
Renewables made California electricity prices rise 7x more than the rest of the US
And renewables made Germany's electricity the most expensive, and Russia-dependent, in Europe
x.com
Renewables aren't in the saving money business.
x.com
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