Get Ready for Another Energy Price Spike: High Electric Bills

The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.

With the need to reduce use of fossil fuels in transportation and other areas, demand is likely to increase for solutions that increase dependence on electricity and the electrical grid.