Cost Increases

The past five years have been a period of exploding costs for the electric utility industry and for broadband providers, pushed by soaring demand, supply chain challenges, raw materials shortages, increased labor costs and tariffs. The impact has been rapid increases in the cost of producing power, longer and more unpredictable project timelines and the need for more financing, all of which haven driven electric rates up for residences, businesses and other end-users. Heres’ a look at what’s contributing to the trend (Percent increases since 2020 are in blue)