Why the US power bills are increasing

Currently, the price of electricity increases in addition to all unauthorized demand from the Coveid-19 epidemic, when global economic slowdown and policy makers’ pressure on tool bills, if economically maintained.

“I think if we repeat this analysis for the next year, there will probably be a little climb this year, but the data I look at will not show a significant increase in the historical field,” said Jeffrey Blancord, the original author of the EPRI report.

But there is only one story across the country.

The United States has a chaos energy system. How different people are to stay warm and spend around their homes, from state to state and even among neighbors. For example, Texas households tend to spend more on their budget to hold their pickup trucks, while Massachusetts families spend more to stay warm.

So, no – we are not in an energy crisis, but it is unlikely that your power bills will be reduced soon. However, there is some good news: In the coming years, Americans are actually ready to spend less of their income on energy because technology makes it more cost -effective to move away from fossil fuels.

“In our prospective scenarios, one of the main drivers of change is electricity, especially light vehicles,” Blancford said. “It tends to actually reduce the real -time energy wallet in any family over time, even if you spend more on electricity.” Although the sales of electric cars in the United States have declined, they are still moving on more routes. And as homes and equipment become more efficient, it also helps reduce energy bills. According to current trends, the average US home energy wallet decreases by 36 % by 2050 and the government level decreases from 10 % to 50 % anywhere.