Don’t believe "your lyin’ eyes" when the White House knows better, informing you that saving the planet from millions of years of climate change with windmills, sunbeams, electric vehicles, and super-smart technology will also reduce inflationary energy costs.Following relatively flat electricity prices over the seven years before President Joe Biden took office, they have since increased 13 times faster, soaring by 29.4%.
Citing growth in new industries such as EV and battery factories, a recent forecast by Georgia Power projected a 17-fold increase in its winter demand by 2031. AEP Ohio warns that new data centers and Intel’s planned $20 billion chip plant will strain its grid as well because chip factories and data centers can consume 100 times more power than typical businesses.
The gap between power demand and supply will rapidly expand as existing fossil fuel plants are retired, with PJM’s market monitor warning that they might lose up to 30% of their installed capacity by 2030. Federal regulations, renewable subsidies and various state green-energy mandates are simultaneously forcing essential fossil-fuel and nuclear plants to retire prematurely.
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