The average American’s electric bill has gone up 10 percent since January, 2009, due in part to regulations imposed by President Barack Obama and state governments, even though the price of generating power has declined.
Record low costs for generating electricity thanks to America’s new natural gas supplies created by hydraulic fracturing, or fracking, haven’t translated into lower monthly payments for consumers due to new regulations.
The price of generating electricity in the eastern U.S. fell by half under Obama, but utilities raised monthly bills for residential customers, according to government data.
The biggest price increase in the U.S. was in Kansas, where prices rose from 8.16 cents per kilowatt-hour in January, 2009, to 11.34 cents in January, 2015. That’s a 39 percent increase in the price of electricity during Obama’s tenure. States like Idaho, Nebraska, Wyoming, South Dakota, Missouri, Utah, and Ohio saw enormous increases in the price of electricity as well, according to data from the Energy Information Administration.
States with large and developed natural gas and oil industries generally saw their average electric bill drop. The biggest price drop was in Texas, where prices fell by almost 10 percent during Obama’s tenure. States like Louisiana, Arkansas, Maryland, Florida, Delaware, New Jersey, Maine and the District of Columbia all saw the average electric bill fall since January, 2009.
“President Obama openly ran in 2008 on a platform of making electricity rates ‘skyrocket’ and bankrupting anyone who dared to build a coal plant in the United States,” Travis Fisher, an economist at the Institute for Energy Research, told The Daily Caller News Foundation. “Now, more than seven years into his presidency, it should come as no surprise that his efforts have taken a widespread toll in the form of higher electricity rates for nearly every state in the union.”
Despite falling generation costs, electrical utilities are being forced by the government to pay for billions of dollars of government-mandated “improvements” and taxpayer support for new wind and solar power systems.