Electricity Prices Going Up (and up…)
May 25, 2018
The cost of electricity is going up next month, and that’s just the beginning! More increases will come later this year, and in the next several years to follow.
Shared from:
May 23, 2017
Next month’s electricity price hike is just the start
“The substantial hike in Northern Illinois’ cost of electricity beginning next month is just the beginning of the increases for years to come.
With energy costs remaining at historically low levels, the price all consumers pay qualified power generators simply to promise to produce during the highest-demand days of the year keeps rising.
These “capacity” costs—essentially an additional reservation price embedded in the energy cost ComEd customers see in their electric bills—will approach the cost of the electrons themselves beginning in 2019 and now continuing through the first half of 2021…..”
Click Here For Full Article From Source
Special thanks to Unit Owner Tom Wartowski for sharing the link!
About the Author: Tim Patricio
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