U.S. family incomes are not keeping pace with the rising cost of energy.
According to a study commissioned by the American Coalition for Clean Coal Electricity (ACCCE) that relies on government data, nearly half of America’s households must pay all bills on less than $1,900 a month, 17 percent of which is already designated to energy costs.
The study, “Energy Cost Impacts on American Families,” also revealed that these energy costs continue to grow and eat up an increasingly larger share of low- and fixed‑income families’ budgets. Situations such as these force families to make difficult decisions, such as paying their electricity bill or putting food on the table, paying for medical care or investing in opportunities to better the lives of their children.
Coal is an affordable, abundant and increasingly clean domestic energy resource that is vital to providing reliable low-cost electricity. In fact, states that use more coal to generate electricity have lower electricity rates.
Keeping energy prices affordable is critical for so many families across America. That is why it’s important that coal remains an integral part of our country’s energy portfolio.