March 2015

Cost of Oil Going Down, Cost of Electricity Going Up

Published on Tuesday, 24 March 2015 23:24:41    Written by Marc
Cost of Oil Going Down, Cost of Electricity Going Up
Just when we see the price of oil going down (almost every day now), we would think that it might suppress the price of electricity everywhere and that it would cost us less to heat and cool our homes and businesses. However, just about everywhere we look, it seems that the price of electricity is far from following the same trend as oil. In, fact it is quite the opposite, with the price of electricity increasing (sometimes by more than the inflation index). While nobody probably knows where the price of oil is going to end up this year (or subsequent years), one thing that is relatively certain is that prices of electricity will continue to increase year after year. There are some rare occasions where the price remains stable for a short period, but we know that prices are not going to go down.
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