Energy companies in Missouri have been raising their prices to recoup costs of investments and the price of fuel. Except unlike other goods and services, customers usually have one choice when it comes to electricity.
When consumers get their utility bills every month, it's not always clear why energy costs as much as it does — and there's usually no other options to choose from.
Since the pandemic, prices have risen quickly and stayed high. On average, a dollar today buys as much as 80 cents did in 2020 – that's 25 percent inflation in just five years. Last year, inflation averaged out to about 3%, including for electricity.
Utilities across the country, including those in Missouri , have been raising their prices to recoup costs of energy investments and the price of fuel.