One of the top priorities for all utilities will need to be clearly and effectively communicating all the costs associated with the "energy transition." "Half of the average consumer bill has nothing to do with what fuel is used to generate electricity. It reflects the cost of transmission and distribution. And those costs are rising fast, according to consumer advocates. Utilities are spending heavily to ramp up their transmission infrastructure as electricity demand grows because of the advent of electric vehicles and data centers for artificial intelligence applications. Increasingly, those costs will be passed along to consumers." “I expect it to accelerate,” wrote David Springe, executive director of the National Association of State Utility Consumer Advocates, in an email to Barron’s. “A lot of spending has yet to hit the consumer bill.” Ten percent rate increases are beginning across the country during a period where natural gas prices are rock bottom and the cost of capital is rising like the sun. Hard to buy the argument that inflation will soon moderate and the Fed will cut rates soon. But if inflation does moderate somewhere down the road, it will not be because of lower electricity prices. There is no kicking this can down the road #communication #utilities #inflation #electricity #costofcapital #interestrates
Patrick J McGarry’s Post
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🌟 Excited to share this insightful blog post about the current state of electricity bills in the U.S. in the midst of a punishing heatwave🔥. It sheds light on the alarming trend of electric bills rising faster than inflation, impacting over one-third of households. The post provides valuable insights into the challenges faced by consumers and the implications of the nation's soaring energy debt, which has surpassed $20 billion. Don't miss out on this eye-opening read. Check it out here: https://ift.tt/QuqEcmH. #electricity #energy #inflation #consumerimpact
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⚡ Electricity Bills for Small Industrial Consumers Expected to Surge by 2026 ⚡ A recent article courtesy of Energy Live News highlights significant projected cost increases for small industrial consumers, including large retail and leisure units. By 2026, annual electricity bills could rise by £200,000 compared to pre-crisis levels, reaching around £550,000 per year. While prices have dropped from the 2022-2023 peak, the lingering effects of the energy crisis and geopolitical events continue to shape the market. New carbon levies and changes in cost structures are expected to drive prices even higher. Read the full article here - https://lnkd.in/e_av_Ngg #EnergyMarket #ElectricityPrices #BusinessEnergy #EnexusEnergy #EnergyNews
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It’s no secret that electricity rates are on the rise. According to the The Wall Street Journal, electricity prices are up 29.4% since January 2021 and have risen 13 times faster than the previous seven years. At just shy of 30%, this increase is about 50% higher than the overall inflation rate. It’s worth noting that gasoline prices have also soared to a six-month high, bringing the average cost per gallon to $3.60 (at the time of publication). Here are a few best practices for keeping your electric bill as low as possible: https://bit.ly/4dq9xJK
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Building High Performance Teams and Businesses in Energy, Technology and Convenience Retail
The year-over-year inflation rate for electricity prices reached 5.9% in May, up from 3.8% in January, according to Bank of America Institute, report attached. During this time utility bills for consumers overall which include water, sewer, gas and power went down by 1.2%. Huh? How? Well, price declines in natural gas offset the price rise in power and water for the average consumer. As gas has come up in price a bit we will likely see the net inflationary impact from utilities return to a higher rate this year as electricity prices (and water at least where I live) continue to rise.
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Monitoring Specialist Temperature & Humidity / Water Level / Energy / Air Quality / Differential Pressure
The customers have always asked questions. We are always trying to give them an answer that day-by-day increasing electrical consumption costs due to petrol and diesel prices rising internationally, which causes the high rate of electricity per unit cost. Unstable; inflation in every item made by the dollar, which is also higher and higher. To get more savings to increase your lifestyle, this is the right time to invest in solar.
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I help residential solar businesses grow faster by creating better finance products, making connections, and reducing soft costs via software optimization and innovative hardware.
🚨 The increase in price for household energy has ticked down and is now closer to the overall inflation rate. Do you think this will last? Let me know in the comments. 👇🏽 ⚡ #energy #solarenergy #inflation
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Energy bills are rising again 📈💡, with the Ofgem price cap increasing to £1,738/year for typical households. Experts predict more hikes in April. ❄️⚡ Stay informed and check your meter readings today! #EnergyCrisis #CostOfLiving #EnergyBills
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