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We're all painfully aware of the skyrocketing costs of electricity. With inflation soaring to 8.5% this year, power bills are climbing even faster. In Phoenix, yearly electricity costs shot up by a staggering 25%, while Boston residents saw a jaw-dropping 64% increase! The average American household now spends over $2,000 per year just to keep the lights on.
And that number is set to keep growing. Worse yet – most of this money is going straight down the drain!
For the last decade, energy prices have followed a predictable pattern, rising in summer and dropping in winter. Since 2020, however, prices have defied this trend, causing widespread concern over energy costs in the coming months.
Just this year, a shocking study revealed that most Americans are overpaying for electricity by a whopping $17.6 billion annually. But lawmakers and the Public Utility Commission seem content to let this highway robbery continue.
The Public Utility Commission sent a glowing report to lawmakers about the "fantastic" electricity system it oversees. Billions of consumer dollars wasted? Not their problem.
Meanwhile, lawmakers refuse to introduce legislation designed to end the deceptive marketing practices that power companies use to reap massive profits year after year.
It seems the crooked business of selling overpriced electricity to consumers will continue unchecked. If you don't take action, expect your future energy bills to look like this:
A confusing, duplicitous system full of unnecessary complications will persist. If you examine the fine print of electricity plans from over 50 companies, you'll find a jumble of confusing terms, conditions, and hidden fees – enough to make your head spin. And you won't know the true cost until that shocking bill arrives in your mailbox.
One thing is certain – you'll be paying more every single year.
