My last electricity bill was so much higher than usual despite cutting down on usage.
Seems like it's a bigger issue and varies state-to-state depending on whether your state invests in fossil fuels vs. renewables, how they support energy-efficient buildings and electrification.
Other factors: geopolitical uncertainty (tariffs, war in Ukraine), the upkeep of grid infrastructure, fossil fuel volatility, and demand for energy due to AI/data centers.
Source: AltruisticMilk_
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Do you live in Tampa? Mine went up also and we cut back on usage and it still increased.