Skip to comments.Get ready for electricity prices to “necessarily skyrocket" (Bills go up as much as 60% by 2014)
Posted on 06/12/2011 12:57:54 PM PDT by SeekAndFind
Have you had a lot of fun watching the price of gasoline shoot out of sight this year at the pump? That will be just the appetizer. Thanks to new regulations from the Obama administration, power companies will shut down a significant number of coal-fired plants by 2014, and without any other reliable sources of mass-produced electricity, consumers will see their bills go up as much as 60% (via Instapundit and Newsalert):
Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation’s electricity, more expensive to operate. Many are expected to be shuttered.
The increases are expected to begin to appear in 2014, and policymakers already are scrambling to find cheap and reliable alternative power sources. If they are unsuccessful, consumers can expect further increases as more expensive forms of generation take on a greater share of the electricity load.
You won’t just pay more to the utility company, either. The Chicago Tribune runs the math on public-sector cost increases in just their city:
What analysts know is that a portion of ComEd bills that pays electricity generators to reserve a portion of their power three years into the future will increase more than fourfold. That would translate into increases of $107 to $178 a year for an average residential customer in ComEd’s territory, starting in 2014, according to calculations by Chris Thomas, policy director for consumer advocacy group Citizens Utility Board.
In 2014 those so-called capacity costs are expected to add approximately $2.7 million over the previous year to electricity bills in Chicago Public Schools, $3.3 million for the Metropolitan Water Reclamation District and $5.4 million to the city of Chicago, according to an analysis by Tenaska, aNebraska-based power development company that wants to develop a coal-fed power plant in central Illinois that would meet stringent regulations because it would capture and sequester emissions.
It’s the EPA gift that keeps on … taking.
On the other hand, we can consider this a rarity — an Obama promise kept:
Obama told the Chronicle:
The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, This is really important, and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.
You know, when I was asked earlier about the issue of coal, uh, you know Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because Im capping greenhouse gases, coal power plants, you know, natural gas, you name it whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.
They you you can already see what the arguments will be during the general election. People will say, Ah, Obama and Al Gore, these folks, theyre going to destroy the economy, this is going to cost us eight trillion dollars, or whatever their number is. Um, if you cant persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.
If we cant make that argument persuasively enough, you you, uh, can be Lyndon Johnson, you can be the master of Washington. Youre not going to get that done.
Even without cap-and-trade — or perhaps more accurately, even with a backdoor carbon tax through regulatory adventurism — Obama kept his promise to have electricity rates skyrocketing, and putting the burden on consumers, business, and taxpayers. Who said that every Obama promise comes with an expiration date?
I can’t wait so i can feel good about my sacrifice!
Why not. Everything else has skyrocketed. Well, not my paycheck which has gone down because of taxes and insurance.
And those who can't afford electricity will just have to use the taxpayers that much more to pay THEIR bills.
Obama is going to do far more than break us, the evil bastard is going to kill us.
Along with 4 dollar a gallon gas Obama can add that to his list of Acomplishments. Obama Fulfilling his Campaign Promises!!
Well, that’s a politician that holds his promises.
Audio: Obama Tells SF Chronicle He Will Bankrupt Coal Industry http://newsbusters.org/blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry [NewsBusters]
Rather cryptic remarks. LBJ, and master or Washington (Kennedy?). And a threat/promise to ??? to not pull it off.
It's an Aluminauti conspiracy! And like all good conspiracies, its out in the open and actually physically under our noses.
Thanks to new regulations from the Obama administration, power companies will shut down a significant number of coal-fired plants by 2014, and without any other reliable sources of mass-produced electricity, consumers will see their bills go up as much as 60%
Thanks to the lefties who made him into billy idol. I’ve got my abode for sale and have cut back on food, movies, and everything else but the kitchen sink and my car - now they’ve come for the car. Will one eventually lose the kitchen sink and be forced to share an apartment with 5 other familes like they did/do in the Soviet Union or China...it’s only right that we’re all equal, well all except for the exceptional elites.
The sad part is that Obama and the EPA will take no blame for this by most of the American people.
Electricity rates will go up. People at FR will blame it on the “union scum” and people at DU will blame it on the “fatcats”. Obama and Soros will sit back and watch us destroy each other while they remake the world as they think it should be.
How’s that Hope and Change working out for you?
You’d better pay your taxes - illegal immigrants will need help paying their electric bills. :)
We will be extremely lucky if electricity costs only go up 40% to 60%. The AEP CEO stated that natural gas prices will remain low for 25 years. Guess what the utilities will use to fuel the new generating capacity? Yep! Natural gas. My guess is that electricity costs will go up by multiples. It will more than double given the large percentage of coal fired units that will eventually have to be replaced.
Natural gas prices will also be forced up dramatically. It takes at least a pair of 16” pipelines to fuel a 200 megawatt combustion turbine.
Someone else said it best the other day- Obama was never taught HOW to think, only WHAT to think
He is obviously too stupid for this job, because he knows one solution for every problem- government money
THIS is HOW they want YOU to live....this is from ICLEI, part of Agenda 21....just watch the first couple minutes....
Makes you wonder why the government wants to rip out 3 hydropower dams on the Klamath. The enviros have been pushing for all dams to be removed in the Pacific Northwest. That leaves - you guessed it, coal as the predominant source of electricity.