Via Daily Caller:
Gasoline prices are plummeting and natural gas prices are relatively low, but electricity prices are still climbing. Not only that, residential electricity prices are expected to hit record levels in 2015 and 2016, according to federal government projections.
U.S. average electricity rates will hit a record high, this year, at 38 percent higher than they were in 2001, according to the Energy Information Administration. That record is expected to be beaten in 2016, as prices hit 12.86 cents per kilowatthour (kWh)– the highest annual average price in the 21st century.
Electricity prices have been creeping up since 2001, according EIA data, and prices are set to rise even further as coal-fired power plants are shut down due to Environmental Protection Agency clean air regulations. So far, 381 coal-fired generators are slated to shutdown over the coming years due to EPA rules.
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