Time - If you’ve been feeling pinched by your electricity bill this summer, you’re not alone. Electricity prices have been climbing across the country—nearly twice as fast as inflation.
In June, the U.S. Energy Information Administration warned that residential electricity bills would see a “slight increase” from June through September. Federal data shows that electricity costs are 5.5% higher today than they were a year ago, with natural gas up by 13.8%. And while nearly three-fourths of Americans are concerned about higher electricity and gas bills, nearly 60 utilities are increasing or trying to raise electric bills by a total $38.3 billion and gas bills by $3.5 billion, affecting 56.7 million electric and 26 million natural gas customers, according to research from the Center for American Progress published in mid-June.
While the Trump Administration vowed to halve electricity prices, President Trump has blamed clean energy for price hikes. “Any State that has built and relied on WINDMILLS and SOLAR for power are seeing RECORD BREAKING INCREASES IN ELECTRICITY AND ENERGY COSTS,” Trump said in a Truth Social post on August 20. “We will not approve wind or farmer destroying Solar.” There is no link, however, between average state energy prices and how much of their share of energy is provided by renewable sources. A recent analysis by Heatmap found that, in states with higher adoption of renewables, prices have either risen more modestly than average or even fallen. More
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