Important facts about the nature of electricity costs

Apr 26, 2022 | Member News

The cost of electricity has risen on average 5 to 7% annually over the last twelve years and will continue to do so. Some areas may be subject to even higher increases depending on their specific situation. From Alaska to Georgia and Wyoming to Florida, utilities are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new power plants that comply with tougher environmental regulations. Many energy experts are convinced that electricity prices will continue to double or triple every ten to fifteen years as the industry struggles to modernize its aging infrastructure.
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