Quote:
Originally Posted by Anti GWB
Surging fuel costs are about to inflict more pain on consumers, this time in the form of rapidly rising electricity bills.
Power prices are being pushed up across the U.S., with increases sometimes soaring into double digits, due to costlier coal and natural gas, the fuels used to make 70% of the nation's electricity.
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Proposed electricity-rate increases are cropping up all over the country. Potomac Edison Co., a unit of Allegheny Energy Inc., is asking Virginia regulators for permission to raise rates in July by 29%. In its rate request, the utility cited higher fuel and purchased-power costs.
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The impact of higher fossil fuel prices is felt beyond just the price of electricity. It is also provoking states to explore expansion of nuclear power plants and renewable energy, such as wind and solar power, to break the grip of fossil fuels.
Last week, Ohio became the latest state to take a tentative step away from fossil fuels. Democratic Gov. Ted Strickland signed legislation requiring electric utilities to satisfy one quarter of their customers' energy needs, by 2025, through such means as renewable energy, new nuclear reactors and energy efficiency measures.
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Anti,
Have you ever heard of supply and demand??? As the price of air conditioners comes down, more and more people can afford them which in turn raises the demand for electricity and allows the utilities to raise the price for electricity. This is just one example of supply and demand.
President Bush has nothing to do with this!!!!!!
