10-Year Bull Market Ahead
There’s always a bull market somewhere.
And right now there is one in electricity.
At this point, electricity prices are a one way bet.
They’re going up – possibly way up – over the next decade.
There’s a lot of room for them to rise too.
The current average U.S. electricity price is about 18 cents per Kilowatt-hour (kWh).
That’s less than half of the prices in the other advanced countries.
For example, the data from globalpetrolprices.com shows the three countries with the highest electricity prices are Germany, Denmark, and Belgium.
All of them are over 40 cents per kwh.
These countries chose long ago not to just subsidize and fund renewable energy sources, but to actively reduce cheaper energy sources too.
The U.S. has set itself on a similar path.
This chart shows the U.S. Energy Information Administration’s forecast for electricity production sources:
Coal will continue to slide (just like Europe).
Nuclear is getting phased out (just like Europe).
And renewables are going up massively (just like Europe).
Same process, same results.
Electricity prices are going much higher.
