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electricity-costs


That cool new electric car could cost you a lot more to charge up

A basic principal of economics is that of supply and demand. If demand for a commodity rises and the supply does not, the price increases. With demand for electricity in the US expected to increase by fifty percent over the next three decades and expansion of generating capacity in a holding pattern in many cases, prices for electricity are expected to rise. With the cost of many power plants already at well over $1 billion and rising thanks to increased construction costs, power utilities are reluctant to commit the funds unless they know they ... Read more →

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