Adam Millsap writes in Forbes about why electricity prices are so high.
- Inflation, which is being partially driven by high energy costs, is hurting consumers and businesses alike.
- To lower energy prices the U.S. will need to expand transmission capacity and other infrastructure like pipelines and refineries.
- Policies to modernize permitting and bring more energy on to the grid will also be needed to lower costs and accelerate energy innovation.
“America is blessed with abundant supplies of energy: Natural gas, oil, and space for wind, solar, and nuclear are all readily available. We are also an innovative society, and the technologies for using these resources are improving all the time. Only policy failures that ignore reality can prevent us from enjoying affordable and reliable energy far into the future.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
