Why US Power Bills Are Surging

Now, electricity prices are surging in addition to all of the uncorked demand from the Covid-19 pandemic, when the global economic slowdown and pressure from policymakers kept a lid on utility bills.

“I think if we were to repeat this analysis for next year, there would probably be a little bit of an uptick this year, but the data that I’m looking at doesn’t suggest a really significant increase in the historical context,” said Geoffrey Blanford, the lead author of EPRI’s report.

But there…