As the holiday season approaches, one prevailing headache set to keep hammering Americans is exorbitant electricity costs. [emphasis, links added]
Though the Trump administration has worked to unlock more reliable energy resources, several stressors on the American power grid mean that ratepayers will continue to see electricity costs rise, according to multiple reports and energy sector experts.
Aging energy infrastructure, the proliferation of data centers, rapid transition policies, and increased electrification are all contributing to shocking totals on utility bills, research from the Institute for Energy Research (IER) shows.
CEO of the American Energy Institute, Jason Isaac, points right to the [Biden] administration in his analysis.
“Americans may finally feel relief at the pump, but they are not getting it at the meter,” Isaac told the Daily Caller News Foundation.
“Biden’s policies sent electric rates soaring more than 25 percent, and even with the [Energy Information Administration] EIA projecting a smaller increase of about 2 percent this year, families will still face higher electricity bills this holiday season.”
While on the campaign trail, President Donald Trump promised to cut energy and electricity prices in half; however, utility costs are projected to rise by 2% from 2024 to 2025, according to EIA data.
Electricity costs were projected to grow by 13% from 2022 to 2025, EIA noted.
After years of stagnation, America’s energy needs are soaring as artificial intelligence (AI) data centers, onshore reindustrialization, and electrification drive demand, according to the EIA, IER, and some energy policy experts.
Crushing utility bills have already hit some communities, with one 63-year-old Pembroke Pines, Florida, resident, Al Salvi, telling NPR in October that he pays close to $500 a month.
“Seniors down here that are living check to check, now we’ve got to decide whether we’re going to pay the electric bill or buy medication,” Salvi told NPR.
Read rest at Daily Caller
