Here it comes. DirectorBlue (Doug Ross) has a superb summary of recent updates on the colossal increase in electricity prices being imposed by the Obama EPA. With the ongoing and prospective shutdown of coal-fired generating plants throughout the Northeast, the recent power-capacity auction for the year 2015 produced a market-clearing price of $136 per megawatt, or eight times the price from the 2012 capacity auction.
For northern Ohio, the price was a surreal $357 per megawatt – because northern Ohio has been heavily reliant on coal plants that will all be shut down by 2015.
These increases can only be passed on to the consumer – or taxpayer. Again, Continue reading “Necessary skyrocketing”