Utility companies are scrambling to reverse the law, but there’s no turning back now…
NOBODY likes electricity bills. But unfortunately for most Americans, monthly electricity bills have been steadily increasing year after year. When compared to the rest of the developed world, the numbers are staggering: residential energy bills in the USA are 70-110% higher than in Europe and Japan.
For one of the most economically successful countries in the world, the United States has been lagging behind European nations, Canada, and Japan for more than a decade. Similar to prescription drug prices, our electric bills are simply too high.
So, what’s the reason behind this huge cost difference? The short answer is that utility companies have been given free-reign to systematically take advantage of US homeowners.