The cost of electricity is having significant, negative effects on the working class and poor. A 2018 U.S. Department of Energy study found that 21 percent of American households, at least once a year, must forego necessities like food, rent or medicine to keep the electricity on. This problem has become much more troubling with the COVID-19 pandemic. Recent court and regulatory decisions are likely to make the situation even worse. While the price of natural gas, the main staple of electricity, has dropped by 33 percent in the past five years, electricity costs overall are up. This is due in good part to the aggressive push for renewable power. Lexington Institute’s Paul Steidler has written a commentary for InsideSources about this topic here.
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