Posted on 02/14/2025 4:53:51 AM PST by MtnClimber
U.S. electric rates are going up. In Missouri, Ameren increased residential power bills by 11% less than two years ago, and now it is seeking another 15% increase, per the Public Service Commission (PSC).
According to the U.S. Energy Information Administration (EIA), rate increases were experienced in 43 American states between 2023 and 2024. The EIA also reported record rate increases between 2021 and 2024 projections.
In California, the Pacific Gas & Electric Company (PG&E) was granted six rate increases in 2024. Local ABC 30 Action News reported that The Utility Reform Network estimated that residents had experienced a $50 average increase to their bill before the last of these increases took effect.
In New York City, Consolidated Edison Inc. (Con Edison) recently proposed an 11.4% rate increase for its electricity service, according to Energy and Environment News by Politico.
An 8.79% electric rate increase was recently approved for We Energy (WE) in Wisconsin, a subsidiary of WEC Energy Group, which also serves Illinois, Michigan, and Minnesota, per Wisconsin Public Radio.
All of these companies are publicly owned, and they are just a tiny fraction of the American electric companies working to appease their top shareholders: BlackRock and Vanguard.
During the Jan. 15 public hearing to discuss Ameren Missouri’s proposed rate increase, Ameren Missouri vice president of regulatory and legislative affairs Warren Wood noted that the $446-million overall increase was proposed to offer a “fair return to shareholders.”
According to Ameren’s Nasdaq listing, the company’s top shareholder is Vanguard Group Inc., a global hedge fund investment company focused on assessing “climate risk” and “net zero emissions.”
BlackRock Inc. is Ameren’s third top shareholder, another global investment hedge fund focused on climate change. BlackRock Inc. and Vanguard Group Inc. are also the top shareholders of Con Edison, PG&E, and the WEC
(Excerpt) Read more at americanthinker.com ...
Very interesting, but not surprising. These globalists are only interested in the revolution, not shareholder value.
Rapidly increasing electric rates seem to be a thing in the midwest and near west. I do not understand, we have made our wind investments, kept our power plants open, the grid isnt a fire hazard and have low natural gas prices at the exchange points.
If inflation would just take a break the constant rate increases could be rejected, but at this point nobody can say that the power companies are to far ahead of the facts.
I’d suggest you provided part of your answer:
“we have made our wind investments”
Yeah. Oh what a day! Here in Alabama, we are enjoying being on the list I saw on the tube the other day as the 5th highest electric bills in the nation. Wow. Our average bill, we are on the program where we pay the same every month and they adjust our bill every few months based on our usage, has jumped by $75 per month. And we are doing all we can to hold our usage down. The 9 degrees temps we had a couple of weeks ago did not help!! Bama ain’t use to 9 and 12 degree temps. Ave in Jan is usually 53 high and 32 lows. Highs of 31 and lows of 9, 12, 15, 18, 21, 22, are NOT usual here.
Most electricity is generated by natural gas, and the price has been going up since 2023-4. Regulated utilities are by law entitled to make a “reasonable” profit, in order to continue to function and produce vital services.
“Climate change” heating up the globe yet again.
I’m not sure what “low” nat gas prices is, either. If NG is going up, then so is electricity. The last administration fought tooth-and-nail to prevent NG capacity to increase.
Also, building growth is an issue. All being equal, if demand goes up 11%, so does the price.
They’re developing all around me - farm land being turned into houses and I expect that the power companies do nothing to expand capacity and just raise the prices.
BlackRock Inc. is Ameren’s third top shareholder, another global investment hedge fund focused on climate change.
BlackRock Inc. and Vanguard Group Inc. are also the top shareholders of Con Edison, PG&E, and the WEC Energy Group.
This is getting ridiculously expensive.
At least natural gas works!
ping
Everything is going as planned.
As I see it, most folks with electric power usually got it from a power plant in the vicity. Then along came this solar & windpower. Well, somebody has to recoup the expense of building these thing & I suspect they are especially expensive to build, particularly the wind generators. Of course the solar units must be converted to AC. Extra lines are put in to hook up to these part-time poer units. So now you are paying for one or two Part-time power producing units. Sometimes the STANDARD power plants must be cut back so you don’t have an over-abundance of electruicity. I think this also has it’s own cost in efficiency. So when you add up all the extra power-producing units, there is naturally a higher cost. I think it’s better just going with full-timp power from a standard power plant, be it gas turbine, hydro-electric, or what ever else exists. “Green energy” is not full-time energy.
Agreed.
Everything is going as planned.
***********
In your opinion ... “Who is doing all this planning?”
“Under my plan … electricity rates would necessarily skyrocket.”
- Hussein Obama
Yep rates rise just as almost every other thing we use. Cost
to provide them is just a part of living on this earth. Also
cost of most all products/services/etc rise. Products don’t
become available to the consumer without labor hours,
equipment, transportant, storage, etc. etc. etc.
What will the future be like in 100 years down the road? Not
the same as today for sure, but who knows the final outcome?
We may be taking a pill or injection for our food/body needs
work from home will continue to rise, living in outer space
at some point will be common, hell all human, animal bodies,
etc may be creamated with the ashes sent into space. Lots
will change just as it has since Columbus sailed in 1492.
Just got a $600+ bill for January on a seasonal property in SW Virginia. Granted it was a cold month but thermostats are set at the absolute minimum. Our highest bill prior to the last few years was less than half of this. With rates like this it’ll soon be cheaper to repair plumbing than keep minimal heat in the house.
.21 cents a kwh and mandates to do away with fuel appliances and switch everything to electric- the whole climate change scam is tied in with electric- mandate that everyone switch to electric, the drive the prices way way up (while citing the reason as “high demand”)!
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