That’s $1.09 per kW/hr! FReepers can look at their electricity bills and see how ridiculously expensive $1.09 per kW/hr is. I think 12 to 14 cents per kW/hr is a typical rate in most areas of the country.
I love to point out the poor results of wealth redistributionist programs, like EBT cards. However, there’s a whole different group of people who are also on welfare. I’m talking about all the industries, like wind power, sugar, and ethanol, that are sucking at government’s teat. If an industry is thoroughly dependent on subsidies to survive, than it’s an industry that deserves to die (or evolve into something that can pay its own way).
Just like welfare programs for the poor, government subsidies allow businesses to become lazy. In the long term, they rob our nation by rewarding businesses for being impractical and inefficient. Who knows what improvements, what amazing new technologies, will never be developed due to government interference in the free market?
That’s correct on the kW/hr cost.
I hadn’t checked our rate for some but just had the wife give me the latest bill. We’re very fortunate here in the NW due to the amount of hydroelectric power generated on the Columbia river and others.
The rate here is 8.16 cents per kW/hr and there’s a blurb that states more than 75% of our electricity comes from hydropower.