Electricity Prices Are Soaring In Heavy Wind Energy StatesPosted: March 8, 2023 Filed under: Climate Change Leave a comment
By Steve Goreham~
United States electricity prices are rising rapidly, up 18.1 percent over the last two years. Renewable energy advocates claim that wind and solar installations produce cheaper electricity than traditional power plants, but power prices are rising as more wind and solar is added to the grid. In fact, electricity prices are soaring in leading wind energy states.
Over a 12-year period from 2008 to 2020, US average electricity prices rose only eight percent, according to the US Energy Information Administration. This was much lower than the inflation rate of 20 percent over the same period. But power prices rose five percent from 2020 to 2021 and an additional 12.5 percent last year. Most of this rise was due to rising US inflation, but the share of electricity generated from wind also rose from 8.4 percent in 2020 to 10.2 percent in 2022.
Headlines announce that electricity…
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