Electricity prices are climbing more than twice as fast as inflation

Ken Thomas woke up this past Wednesday to find the power had gone out at his house in Boca Raton. A text message from his utility said a piece of equipment had failed at 2 a.m. By the time a repair crew showed up eight hours later, the hot, sticky Florida summer was already taking a toll.

“You just don’t realize how important your power is until you don’t have it,” says Thomas, a retired air traffic controller. “In Florida’s heat, you just can’t live without air conditioning. And this time of year particularly.”

Thomas has invested in energy-saving windows and insulation to keep his house comfortable. But in the heat of the summer, his power bills still top $400 a month…

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