Wednesday, March 18, 2009
--US Department of Energy Eletricity Price Projections
This graph is important not only because it shows the increase in electricity prices expected by the US Department of Energy, but also because it compares those price increases to growth in demand. You'll note that even though demand will grow only slowly in the coming years, the price of electricity will continue to climb at a near constant rate. Now imagine what that rate will do if an economic upswing leads to increased demand? This chart more than the time period encompassing the average life-span of any new 2009 mortgages--six years.