If you live where the electric company is allowed to increase their prices, I’ll bet your electric bills are going up. If you have not seen an increase in your electric bill you will. There are two big reasons for the increase.
The first is the price of
coal is jumping due to international demand.
The price of coal has more than doubled in the last twelve months. It has gone fro less than $50 a ton to more than $100 a ton on the futures markets. The price of oil is hogging the focus of the news media but the price of coal is just as much of a problem.
jump in coal prices is the result of the growing economy in
They are rapidly moving away from oil as a fuel for making
Some strange things are happening
here in the
The increasing price of coal is driving the cost of making electricity up.
is the price of natural gas is unusually high for this time of year.
Natural gas is the fuel of choice for meeting the peak electrical demand of air conditioning season across the USA. Natural gas prices are high now and expected to stay high through all of 2008.
The electric generating companies are being hit with higher fuel prices now for both coal and natural gas. If you use electricity, you can expect to be paying more for it. It may not be in your next bill but higher power prices are coming to your home and to where you work.
That is not good news. Higher electric prices hit every home and business. Higher electrical rates will make everything more expensive to make and add to the overhead of all businesses.
Hang on to your wallet, the big bills are coming to get you. Higher electric bills make it even more important to reduce your use.
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