It's going up because as coal fired power plants are being phased out, and natural gas plants are replacing them, the cost of generation is rising...and it looks like the trend is not going to end anytime soon...
...as you can see in 2020 the costs of coal and gas were approaching parity with coal mining being phased out and forced power plant closures, and with natural gas production being ramped up here in the US....
....but that all changed when Russia invaded Ukraine, now much of Europe who was getting their gas from Russia are in a fix and natural gas prices are skyrocketing....
....so now we have to ship more and more LNG to Europe which causes a shortage here in the US....
...The problem is that Germany has burned its bridges with coal or it could make up the gas shortage by just firing the coal generators back up...so could we, so could the rest of Europe...
...France is the only one that seems secure with nuclear power supplying the bulk of their base energy....Look at the chart with the comparison of coal cost to nat gas...coal at about $2 and gas at about $8, 4 times as much....there's your inflation....
Bring back coal! and GO Nuclear!
https://www.statista.com/statistics/189180/natural-gas-vis-a-vis-coal-prices/
https://www.eia.gov/todayinenergy/detail.php?id=48896
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