Electricity prices are climbing more than twice as fast as inflation

npr.org

319 points by geox 4 days ago


crmd - 4 days ago

One of my favorite things here in New York City is how Con Ed gets approval to pass infrastructure upgrade costs directly to consumers, but at the end of the financing period the asset is mysteriously owned by their board of directors, not the public who paid for it.

streptomycin - 4 days ago

Here in NJ a lot of people are complaining about electricity price increases. Upon looking into it, it seems that the reason is mostly a combination of population growth, shutting down old power plants, and not building enough new power plants.

Most people seem to blame price gouging from the electricity companies, but the electricity companies seem to be extremely tightly regulated and don't have much wiggle room with how they set their prices.

Haven't heard much talk about actually solving the problem and building more power plants, so probably we're going to see more articles like this in the future.

walterbell - 4 days ago

"US utilities plot big rise in electricity rates as data centre demand booms", 90 comments, https://news.ycombinator.com/item?id=44523686

"AI Data Centers May Consume More Electricity Than [Residents of] Entire Cities" (2024), 80 comments, https://news.ycombinator.com/item?id=42221756

"Meta data center electricity consumption hits 14,975 GWh" (2024), 60 comments, https://news.ycombinator.com/item?id=41421627

discordance - 4 days ago

Here in Australia, the government is providing subsidies to households for buying batteries (backed by solar).

After paying $15k (after subsidies) for a 40kWh battery, our battery is filled by roof solar and grid provided renewable energy, when needed, at very cheap rates (6c/kWh). I pay $1 a day for grid connectivity. Our total annual energy bill will be approximately $500 for the foreseeable future.

jauntywundrkind - 4 days ago

[flagged]

nxm - 4 days ago

For context: $0.18/kWh in US vs. $0.32/kWh in France and $0.36/kWh Germany. The administration is making an attempt to address the issue of every growing demand for more electricity and remove barriers for additional power to come on-line. "To compete globally, we must expand energy production and reduce energy costs for American families and businesses." https://www.energy.gov/articles/secretary-wright-acts-unleas...

newyankee - 4 days ago

In an ideal world this should incentivise more people with single family homes and capital to invest in Solar + batteries and even with tariffs I am sure the breakeven time will still be less than 10 years (also after accounting for the fact that utilities will not be paying a lot for your electricity though time of use pricing and batteries may help a bit)