Update: 10-Year Bull Market In Electricty Prices
Earlier this year we predicted a long and steady rise in electricity prices.
It is entirely foreseeable that electricity prices will double before the end of the decade.
The reason is because the path the U.S. is on has already been worn through by Germany.
This chart from EnergyPost.eu of Germany’s electricity mix:
Will likely average 40 cents per kilowatt-hour (KWh).
The U.S. doesn’t have the same mix with more high-cost renewables, but it’s on its way to doing so.
Here’s a chart predicting the future U.S. energy mix form the Energy Information Administration:
Same path, same ends.
The average U.S. price of around 17 cents per KWH cannot last with that changes.
Electricity prices are a one way bet at this point.
