Power surge: Why are electricity prices surging?

[Weird Tolkienish Figure]

https://thehill.com/homenews/administration/5506868-why-electricity-prices-are-surging/

“Raising tariffs on aluminum and steel, and imported items like transformers, hurts a lot,” Gramlich said.

Rising transformer costs offer just one example. High demand in recent years has created a supply deficit, forcing utilities to turn to the import market, and today imports account for an estimated 80 percent of U.S. power transformer supply and 50 percent of distribution transformer supply, according to Wood Mackenzie, a research and consulting firm.

[DefiantMassRINO]

Supply and demand ... scarcity creates value ... Dems', Obama's, and Biden's Green New Deal reduced supply.

The Dems shutdown nuclear, coal, oil, and natural gas powerplants without replacing the lost capacity with reliable generation capacity.

The hopium was to replace the retired generation capacity with new wind, solar, battery storage, and unicorn farts.

That's why the Krauts' and the Aussies' eletricity grid are up schitt's creek.

[Hoodat]

Power surge: Why are electricity prices surging?

Because supply is not keeping up with demand?

[Bigun]

Because supply is not keeping up with demand?

And that's because we've spent so much time and treasure building crap that doesn't work instead of things that do!

[IsailedawayfromFR]

May be best to ascertain which fuel sources are not surging to make things simpler.

Natural Gas is not
Crude and crude byproducts like fuel oil are not.
Uranium is not.
Coal is not.

So it is not the fuels used to generate power.

There are two other potential reasons, manner of power generation and external factors such as government regulations/restrictions and tax credit treatments.

Wind, solar and other so-called renewable generation is expensive to manufacture, install and maintain.

Regulation is a serious contributor to the cost and maintenance of all sources of power generation, especially in environmental areas.

The way certain renewables are handled cause a pass-through of costs and other taxes to be borne by consumers. 

So the bottom line is 1. renewables  2. government regulation cause prices to surge.

And these increases will not let up until government eases the burdens and the best, most secure and reliable power source can be readily utilized.