Electricity prices are climbing more than twice as fast as inflation
7 days ago
- #utility-bills
- #electricity-prices
- #energy-crisis
- Electricity prices are rising more than twice as fast as inflation.
- Florida residents face high utility bills, with some paying up to $500 a month.
- Florida Power & Light proposed a 13% rate increase over four years, opposed by AARP.
- Power-hungry AI data centers are increasing electricity demand, outpacing grid management.
- Natural gas exports are driving up electricity prices, with costs expected to rise further.
- One in six households struggles to pay electric bills, with federal assistance insufficient.
- Solar and wind power could offer cheaper alternatives but require infrastructure investment.