Energy costs and inflation

Price increases in energy have had a different development in the past than the normal inflation rate. You might safely assume, it will be so in the next 30 years.

The era of cheap energy is over! UK Parliament says in this special report.

Energy giant E.ON yesterday announced a price increase as experts warned that bills are set to double every five years.

For the latest development, please view this press release:

mail-online from March 25, 2011

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energy prices have soared by 35 per cent since last Spring

And the good news is!

Renewable Energy Provided 11% of Domestic Energy Production in 2010

Electricity from non-hydro renewables grows 16.5% while nuclear power's share drops.

Washington, DC, USA -- According to the most recent issue of the "Monthly Energy Review" by the U.S. Energy Information Administration (EIA), nuclear power and renewable energy sources are now neck-in-neck with nuclear power's share of domestic energy production dropping while that from renewable sources growing rapidly.

The share of domestic U.S. energy production derived from renewable energy sources (i.e., biomass/biofuels, geothermal, solar, water, wind) rose to 10.92% in 2010, up from 10.65% in 2009. By comparison, nuclear power's share of domestic energy production dropped from 11.48% in 2009 to 11.26% in 2010.