Politicians on both sides of the aisle are wrong about what’s causing rising electricity prices, according to a study published online earlier this month by the Lawrence Berkeley National Laboratory and the Brattle Group.
Researchers studied the issue over a five-year period, from 2019 to 2023, and found that beyond economy-wide inflation, prices rose because of the costs of “poles and wires” as utilities upgrade aging infrastructure, along with extreme weather recovery and mitigation.
They also found that higher electricity demand can lead to lower prices.
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