JOURNAL ARTICLE

Power Bills Will Keep Rising Even After the Fed Tames Inflation.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wade, Will; Kishan, Saijel 3 of 3

Abstract

Residential electricity prices in the United States are rising faster than the overall consumer price index, with prices increasing by 3.6% in February compared to the previous year. This trend is impacting households across the country, including in California where the largest electricity provider, PG&E Corp., raised bills by 13% in January. The rising costs are attributed to the need for utilities to fund major infrastructure upgrades, including transitioning to greener alternatives and increasing generation capacity to meet growing demand. While some relief may come as expenses moderate and new capacity is built, ratepayers will ultimately bear the cost of these investments. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2024
  • Accession Number:176564482
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.