Plug-in hybrids: Will electricity be cheaper?

Electric rates to rise 15 percent this year

There is a common belief among many fans of plug-in hybrid vehicles and electric vehicles that such vehicles can save a lot of money in fuel costs. Yet, even before plug-in hybrids are added to the automotive mix, there are many reasons to believe that electric rates could be on the verge of large increases.

Already, the Department of Energy believes that 2008 electric prices will be 15 percent higher this year compared to last year. Additionally, the electric grid needs massive updates and the addition of smart grid technology. Perhaps even more concerning, in the next few decades much more power will be required to prevent black and brown outs. Obviously, someone will have to pick up these costs, and you can bet consumers will pay the lion's share.

Can you say 'solar roof'?