"Households paid a record $1,419 on average for electricity in 2010, the fifth consecutive yearly increase above the inflation rate, a USA TODAY analysis of government data found," writes reporter Dennis Cauchon. "The jump has added about $300 a year to what households pay for electricity."
This spiking in cost is the most substantial continued rise in electricity rates since prices experienced the last severe increase in the 1970s.
"Electricity is consuming a greater share of Americans' after-tax income than at any time since 1996 — about $1.50 of every $100 in income at a time when income growth has stagnated, a USA TODAY analysis of Bureau of Economic Analysis data found," Cauchon elaborates.
"Utilities are what people's budgets start with," points out Chris Estes, executive director of the North Carolina Housing Coalition, who is standing behind his organization and electricity customers in strong disapproval of Duke Energy's intended bump in electricity rates.
This all too easily echoes of a growing hardship for anyone connected to traditional utility grids across the nation.
"Duke Energy says the rate increase is needed to pay for replacing old power plants and making the transmission system more reliable," notes Cauchon. "The Charlotte-based utility [provider] has reached a tentative agreement with North Carolina to raise rates 7.2 percent in February, lower than its original 17 percent request."
With electricity rates anticipated to escalate away from once-known stability in pricing, choose renewable energy in solar power.
"Utilities are what people's budgets start with," points out Chris Estes, executive director of the North Carolina Housing Coalition, who is standing behind his organization and electricity customers in strong disapproval of Duke Energy's intended bump in electricity rates.
This all too easily echoes of a growing hardship for anyone connected to traditional utility grids across the nation.
"Duke Energy says the rate increase is needed to pay for replacing old power plants and making the transmission system more reliable," notes Cauchon. "The Charlotte-based utility [provider] has reached a tentative agreement with North Carolina to raise rates 7.2 percent in February, lower than its original 17 percent request."
With electricity rates anticipated to escalate away from once-known stability in pricing, choose renewable energy in solar power.
GP.Energy has flexible no or low money down leasing and locked-in rates, along with a prepay option, and we cover insurance maintenance, on top of that.
With this jump into a smarter and more pro-environmental approach to energy in your home, you'll have decreased bills because of finally being your own utility provider through the sun's strong rays.
With this jump into a smarter and more pro-environmental approach to energy in your home, you'll have decreased bills because of finally being your own utility provider through the sun's strong rays.
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