US households have been paying more than other developed countries for electricity for decades, and now the Obama administration is pushing the price of a single gigawatt-hour of electricity more than five times higher than the rest of the world.
But there are a few other factors at play.
1 of 8 Advertisement Continue reading the main story New York magazine has the first-ever look at how electricity prices in the US have increased since the election of Donald Trump.
The article, “The Price of Electricity: Why It’s So High,” shows that the United States is paying an average of $2.70 more per kilowatt-hours of electricity for every 10,000 Americans compared to Germany, France, Italy, Japan and the UK.
The figure for the entire world is $1.60 more per megawatt hour, but the United Kingdom and Germany are among the world’s top 10 producers of electricity, while Japan is ranked 14th.
And even though the United Nations predicts that by 2025 the US will be the world leader in wind and solar power, the cost of electricity has remained relatively flat.
So why is the US paying more? 2 of 8