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Energy Costs
Lower
energy costs in the
United States give American businesses a competitive advantage.
Energy costs are one of the major determinants of the competitiveness
of a business. America's energy costs are low compared to other
nations. America's energy costs have actually dropped over the
past several years. Since 1980, electricity prices, adjusted for
inflation, have declined more than 24 percent lowering overall
energy costs.
| Source:
EIA,
Annual Energy Review, T.8.15 |
Energy
costs are less expensive in the United States because energy
producers pay less for fuel to generate electricity. One of the
reasons they pay less is because abundant, inexpensive coal makes
lower energy costs possible. Electricity from coal results in
energy costs that are half the cost of natural gas fired generation.
Since 1979, the energy costs of coal-based electricity generation
has increased just 4 percent.
Mandates that
require each electric supplier to generate a certain percentage
of electricity using renewable energy sources will increase energy
costs.
Learn
More about Energy Costs
Want to do
something about energy costs? Use CARE's online system to write
your legislator about energy
costs. Send a letter and an email to your legistlator and
tell them to pass energy bills that support low-cost, increasingly
clean, domestic energy resources.
Write
Your Legislator Now
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