U.S. Electricity Prices Surge Amid Grid Strains and Rising Demand

U.S. consumers are set to pay higher electricity bills as power providers raise investments in much-needed grid improvements amid an old power system that is not designed to cope with soaring demand and more frequent extreme weather events.    Over the past year, electricity price inflation has outpaced total consumer inflation in the United States.   While encouraging signs have emerged that the Fed is winning some of the battle with high overall inflation, prices for electricity are set to continue rising in the coming years due…