We're in a new era of high energy prices, energy expert says
All those factors would contribute to a "massive underinvestment" in future supplies, which, in turn, could cause higher energy prices "for decades maybe to come," he added. At the end of the day, demand is on an upward trend and production is not keeping up, and it's going to have a difficult time keeping up because the investment dollars just aren't there," he said.
It's important to keep in mind, though, that bills are contingent on electricity usage as well as the price of energy. For instance, Consolidated Edison Inc., or ConEd, which provides energy to roughly 10 million people in New York City and Westchester County, has been advising customers to be "particularly mindful of managing their usage at a time when energy prices are high across the country."
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