Mary Huztler: If natural gas and coal are so cheap right now, why do my power bills keep going up?
In this edition of The Heartland Daily Podcast, Mary Huztler, a senior fellow at the Institute for Energy Research sits down with research fellow Isaac Orr to discuss why the cost of electricity has increased as the cost of fuels has gone down.
Over the past several years there has been a leveling off of electricity demand growth, resulting in the United States having enough power plants to meet demand. However, subsidies and mandates given to renewable energy generators have increased costs by introducing expensive and redundant capacity into the grid. These factors, along with the premature retirement of existing coal and nuclear power plants, are putting upward pressure on electricity prices.
To read more about how existing power sources are more cost effective than new sources of electricity, click the link below: https://www.instituteforenergyresearch.org/analysis/what-is-the-true-cost-of-electricity/