The War In Ukraine Caused Electricity Costs to Skyrocket
In 2020, a ton of coal cost $22, but during the Russian invasion of Ukraine, it rose as high as $398 per ton. This happened in the summer of 2020. Today, the price of a ton of coal hovers around $200.
Much of the natural gas and coal comes from Russia, and leading up to the war and during the invasion, much of the western world banned Russian fossil fuels. This led to even greater shortages. Much of our natural gas and coal is being sent to Europe, which creates even more shortages here in the United States.
Keep in mind that the war is still raging, and many experts believe it will only get worse, pushing our electric bills even higher.