Daniella Genovese writes in Fox Business on increased electric costs for the summer.
- Experts expect electric bills to increase this summer, in some places by as much as 16%.
- New England will be the most impacted, followed by the Mid Atlantic and South Atlantic, respectively.
- Inflation and supply chain constraints with natural gas are the primary driver of these increased costs.
- Reducing regulations to allow for more domestic energy production would lower prices in the intermediate to long term.
“‘The higher price is largely driven by supply and demand,’ Nick Loris, vice president of public policy for C3 Solutions. ‘Particularly with natural gas, which provides 38% of our electricity needs, we’ve been operating in an environment of constrained supply and higher demand.'”
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.
