What Is Energy Equity And Why Is It So Important?

👥Energy Equity has become the concept that society expect the energy industry to hear more of. It advocates all members of society to be able to afford and have access to a necessary or basic amount of energy for ordinary living.

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🔎While families in the median income group are unlikely to struggle with rising energy costs, families in the lowest income quintile spend closer to 18% (almost one-fifth) of family income on energy.

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⏳It remains unclear whether subsidies or price limits can solve this issue, but it is clearly a problem that won’t go away any time soon.

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Source: https://oilprice.com/Energy/Energy-General/What-Is-Energy-Equity-And-Why-Is-It-So-Important.html