Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How the US Government Overpays for Electricity
The US federal government spends roughly $6 billion a year on electricity, yet it often pays far more than a private company would for the same power. In this episode, Lucas and Luna dig into why: from opaque procurement contracts and outdated billing systems to the Department of Energy's own data showing a 20 percent gap between what agencies pay and what the market charges. They look at one specific case: a federal building in Washington, D.C. that paid a premium for renewable energy credits without actually reducing its carbon footprint. They also explore a promising fix: the General…
The skinny
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