Electricity prices go up due to high fuel

In a power shock to the pocket book, consumers will pay 29% more this year for electricity due to high fuel prices. Your light bill is going up. And soon all those people who talked about electric cars being the answer will start to wonder when blackouts become frequent.

It seems that we have not built enough power plants. In fact, due to regulations electrical companies have dragged their feet on building new big coal fired generators. And now wth new environmental regulations expect even fewer plants to be under construction.

That said coal double in price this year, oil is at a record high, and natural gas is up 50%. This means that you will have to pay more for electricity, so energy conservation should become more common.