Rising Electricity Rates under Biden/Harris (Texas wholesale up 200%) – IOTW Report

Rising Electricity Rates under Biden/Harris (Texas wholesale up 200%)

From MasterResource

By Bill Peacock

“Whether it is the unprecedented subsidies for renewable energy or the unprecedented war on American energy, the Biden administration’s policies are behind the increase in America’s electricity prices.”

During the first three years under Biden vs. last three under Trump, average wholesale electric prices in the seven U.S. independent or regional service areas have increased by 72%. Retail prices are also higher. The average 2024 U.S. residential rate to date is 24% higher than in 2020. For all end users—residential, commercial, industrial, and transportation sectors—prices are up 23%.

This rate surge reflects the massive renewable energy subsidies authorized in the Inflation Reduction Act of 2022, signed by President Biden, that tripled the outlay of such federal largesse. Another factor is the administration’s natural gas policies, which banned imports of Russian oil, liquefied natural gas, and coal; joined with the European Commission to reduce Europe’s dependance on Russian oil; and put a pause on LNG permits. Natural gas combined cycle, the the technology of choice in a free market, is as cheap as ever, representing the path not taken.

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15 Comments on Rising Electricity Rates under Biden/Harris (Texas wholesale up 200%)

  1. Let us just look at anthracite before the jug-eared faggot cunt wormed his way into office.

    Anthracite used to be about 120 a ton, to 450 a ton under Harris/ O’bola/ whatever that faggot’s name is. Wals, Balls, Pedocrat faggot asslicker.

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  2. Shitty coal (bitumen) used to be 50 dollars a ton, in my lifetime.

    The trains use to dump the bitumen in the offings.

    Because the shit sucks.

    If you burn bitumen, I’m not saying you are an asshole.

    Heat your house any way you want.

    Greta can eat my ass. Fuck you. Eat shit and die.

    Choke on some smoke, all you cunts.

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  3. On top of the regime’s damage our Guv Mills sold out Maine to foreign countries. She just got back from Denmark where she was making deals.
    She auctioned of a big area of our fishing grounds for foreign countries to build windmills. One of the companies already owns the company most of us get power from.
    In the past year our bills have gone from about $75 mo to $175 mo.
    Democrats only live money and power.

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  4. Under this Communist Tit-Sucking administration we’ve seen 30 years of inflation happen in just a few years…. and they want to raise taxes on top of that!
    Understand that when prices go up, taxes go up too, so the government has also seen unprecidented revenue as a result, but that’s not good enough!

    Lennon said: The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

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  5. Socialism is simply Legalized theft. Everywhere it is tried the result is always the same. It’s like a cloud of greedy locusts that decimate everything in its path!

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  6. Make that evil killer locusts that destroy everything in their path. Liberals are still stupid enough to believe that socialism/communism has not worked yet because it hasn’t been tried enough. They are nothing but God hating America hating utter contemptible fools.

    2
  7. Electric bill all most doubled this summer!
    I keep the house at 81 degrees. As I watch the
    bird chopper blades go down I-45 from the port
    of Galveston to north west Texas….

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  8. Pollyanna sez: ““… there is something about everything that you can be glad about, if you keep hunting long enough to find it.” “I know; we don’t have to put those ghastly fake icecicles on our Christmas trees this year!”

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