News Channel 9 reports that electricity prices are soaring in upstate New York for National Grid customers. One couple saw their monthly bill go from $456 to a whopping $1162, and that was after they decreased their usage. The utility blames it on the cold temperatures and high demand.
If you think that’s bad just wait until President Obama and the EPA are finished. An energy official testified yesterday that new coal regulations could increase electricity prices by as much as 80%.
Regulations for new coal plants would increase electricity prices by as much as 80 percent, an Obama administration official told lawmakers on Tuesday.
Julio Friedmann, deputy assistant secretary for clean coal at the Department of Energy, told members of the House Energy and Commerce Committee’s oversight board that carbon capture and storage technology was still not ready for prime time.
Read the whole thing. They want to mandate that companies use technology isn’t even available yet. It’s insane, and we’re all going to pay the price.