From 1980 to 2007, total U.S. electricity consumption increased by a factor of 1.8, but total generation capacity increased by only 1.7 times. In other words, demand out-grew supply. For a while, that was fine -- we had more toys than we needed, and real power prices declined for two decades as we made better use of the toys we had. By the year 2000, though, that gig was up, and we suddenly found ourselves having to run our most expensive plants harder, having fully tapped-out our low-cost supply. Electricity prices, not surprisingly, rose -- and continue to do so, …
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Sean Casten is president & CEO of Recycled Energy Development, LLC, a company devoted to profitably reducing greenhouse emissions.
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