Energy: What rising electricity costs mean for your bill - Yahoo Finance
Energy: What rising electricity costs mean for your bill
Electricity prices rise higher despite overall energy prices cooling in January, according to the most recent Consumer Price Index (CPI) print. Yahoo Finance Senior Reporter Ines Ferré explains the inflationary pressures pushing energy costs higher as utility operators pass off fixed costs.
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Editor's note: This article was written by Luke Carberry Mogan.
Related Knowledge Center: ENERGY BASICS: electricity
Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.