For generations, we have been held hostage by Power Companies. Despite relatively little investment in new power plants and equipment, the average consumer has seen their electric bill more than double in the past 10 years! This far outpaces inflation during that same time period and no one has invested in any nuclear facilities for more than 3 decades so why have the power companies raised our rates so dramatically?
It’s simple: We absolutely NEED electricity and the power companies know it. They have been justifying price increases for years despite having over 300 years worth of verifiable coal reserves (most electricity is produced using coal), not investing in new nuclear facilities since the 1970’s, and relatively low maintenance costs! But today, the average household spends $1,000 or more per year on electricity and the rates will keep going up and up guaranteed.
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