Former US president Donald Trump’s reviewers frequently make up his lies. But, the critics frequently fail to realize that he is merely using rhetoric to highlight the issues Democrats and establishment Republicans are inflicting on our nation.
Sunday evening, Trump was at it again during his campaign rally at New York’s Madison Square Garden. He told the group,” We will obtain electricity freedom … We’re gonna drilling, child, drill. And I may terminate the clean fresh scam and will reduce your electricity prices in quarter, 50 percent, within one month from Jan. 20″.
Trump was certainly making up bogus information. During the first three centuries of the Biden-Harris management, power rates globally have skyrocketed. There is still hope for significant price reductions in energy if American officials stop expressing their support for solar power.
As I show in a new study by the Energy Alliance, retail energy prices increased 72 cent during the first three years of the Biden-Harris management. The energy prices for the seven U. S. independent regional service areas averaged$ 70 per megawatt hour during that period, up from$ 41 from 2018 to 2020.
The average retail price paid by electronic stores in Texas was$ 117 over the previous three years, making it the highest ever. It also had the highest three-year improve at 208 percent. The second highest rises were in California and New York. All of these states have heavily subsidized and promoted solar energy.
Using information from the U. S. Energy Information Administration, our investigation found that wholesale prices are also off under the present administration. This is a 24 percent increase in domestic retail prices compared to the Trump administration’s final year. Retail prices for all sectors of the economy — residential, commercial, business, and travel — are up 23 percent. Americans will spend about$ 98 billion on this project this year.
Reasons of Increased Rates
What is the cause of the price improve? The Inflation Reduction Act and the Biden-Harris battle on American power are the two main culprits.
Our analysis revealed that the average annual cost of renewable energy subsidies was$ 8.1 billion from the year President Joe Biden signed the Inflation Reduction Act ( IRA ) into law. But, when the IRA became law in 2023, the typical cost of renewable energy subsidies tripled to a projected common of$ 24.95 billion annually. Over this century, green subsidies are expected to complete$ 245 billion.
Quico Toro and Guido Núñez-Mujica, in their content” The Problem with Solar“, explain why solar, in this case renewable, are contributing to higher rates:
For renewable to function as a grid’s core, it requires store. That may come in the form of batteries, gas, or pumped liquid. All of these are cheap, none of them level. The cost of maintaining a kilowatt-hour of light in a chemistry power is an order of magnitude higher than simply producing it in a nuclear power plant. Which is why a network with 100 % solar power would be so expensive?
Solar energy and wind both have issues because they rely on nature and the conditions to produce electricity. And neither are as effective when it comes to converting our natural resources into power as coal-, nuclear-, or natural gas-fired electrical era.
We now face higher energy costs as well as a declining network trustworthiness, which puts the entire region at risk of experiencing Texas-style blackouts like they did in 2021 with Winter Storm Uri.
War on Energy
Rep. Dan Newhouse, R-Wash., summed up the administration’s “unprecedented battle on British power” by describing the other main cause of higher energy costs. It is obvious that the mayor’s extraordinary conflict on home energy producers has placed the United States in a prone position, according to Newhouse, “from cancelling the Keystone XL Pipeline to suspending leases for oil, gas, and mining across the West.”
Additionally, the Biden-Harris administration attempted to lessen Europe’s dependence on Russian oil, liquefied natural gas ( LNG ), and coal, before halting further American LNG permits to assist Europeans in replacing the country’s depleted Russian oil. All of this elevated energy prices widespread.
The act of doing the same thing over and over again while hoping for a unique outcome is considered insane. However, Vice President Kamala Harris and President Biden are not the only ones who support renewable energy policies that have resulted in “insane” energy prices and grid stability declines for more than 20 years. Democrats and Republicans, blue state and red state, have allowed the “green fresh scam” to remain and prosper.
Who will get rid of this obscene, dishonest legislation that has turned our power industry and markets upside down?
Trump says he did. I hope he gets a possibility in America.
Bill Peacock is the policy director of the Energy Alliance, a initiative of the Texas Business Coalition to raise awareness of the problems affecting the reliability, pricing, and effectiveness of power.
