Green Energy Causes Record Spike In Electricity Prices
In 2014, American households saw the largest electricity price increases in 6 years, according to government data, as utilities are forced to use more green energy and invest in energy efficiency and grid improvements.
Energy Information Administration data shows that U.S. residential electricity prices “experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year.” Last year’s price increase was the highest of any year since 2008 when prices rose 5.7 percent.
