The price of electricity hit a record for the month of October, according to data released Wednesday by the Bureau of Labor Statistics. That made October the eleventh straight month when the average price of electricity hit or matched the record level for that month. The average price of electricity in October was 13.2 cents per kilowatt hour (KWH), up from 12.8 cents per KWH in October 2012—and up from 9.3 cents per KWH in October 2003. Americans now pay 42 percent more for electricity than they did a decade ago. Tighten your belts comrades… this is just the warm-up. In 2012, the American Coalition for Clean Coal Electricity came out with a report that stated that 204 coal powered plants would shut down over the next 5 years: More than 200 coal-based generating plants are scheduled to shut down in the next three to five years, representing 31,000 MW of electric generating capacity, due in part to regulations issued by the EPA, according to an analysis released this week by the American Coalition for Clean Coal Electricity. The closures, which are spread across 25 states, are equivalent to shutting down the electricity supply of Ohio, the coal industry group said. Ohio, Pennsylvania, West Virginia, Virginia and North Carolina are expected to see the most closures, with a total of 103 coal units scheduled to shut down, according to the analysis.
Posted on: Sat, 23 Nov 2013 20:03:38 +0000
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