The average American’s electric bill has gone up 10 percent since January, 2009, due in part to regulations imposed by President Barack Obama and state governments, even though the price of generating power has declined.
Record low costs for generating electricity thanks to America’s new natural gas supplies created by hydraulic fracturing, or fracking, haven’t translated into lower monthly payments for consumers due to new regulations.
The price of generating electricity in the eastern U.S. fell by half under Obama, but utilities raised monthly bills for residential customers, according to government data.
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The biggest price increase in the U.S. was in Kansas, where prices rose from 8.16 cents per kilowatt-hour in January, 2009, to 11.34 cents in January, 2015. That’s a 39 percent increase in the price of electricity during Obama’s tenure. States like…
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