As Energy Needs Grow, So Do New Home Energy Programs [Forbes]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
NEADA, a group that represents state directors of energy aid programs for low-income families, reports that Americans are paying 11% more for electricity than they were in January. That number varies across the country. For instance, in Missouri, costs have gone up 37%, while in some states they have gone down by as much as 13%. Fortunately, solutions are coming online that not only help stabilize the country's aging grid, but that can also lower prices for consumers. Home Energy Price Levers While consumers are feeling the mounting cost pressures for home energy, they also are demanding more from mobile devices, and from AI-powered innovations that require a large energy pull from data centers. All of the increased demand is causing competition for energy, so homeowners are exacerbating the affordability issue. “We are facing two crises in America today—the first is in reliability and the second is in affordability,” said Mark Christie, former U.S. Chairman Federal Energy Re
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