SEARCH BLOG: OBAMA and NATURAL GAS
That is about to change.
RightMichigan reports that thanks to the President's war on coal, natural gas will have to take up significant slack in our electricity generation plants. And what does that mean for you?
The market-clearing price for new 2015 capacity - almost all natural gas - was $136 per megawatt. That's eight times higher than the price for 2012, which was just $16 per megawatt.You may not generate electricity with natural gas, but your utility company will buy natural gas to generate your electricity.
These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.Take whatever your present electric bill is and watch it skyrocket.
That's half of the story....