Trump's Electricity Price Reduction Promise Falls Short as Rates Rise
Electricity prices have risen by 18% since President Trump’s January 2025 inauguration, contrary to his pledge of a 50% reduction within 18 months. The administration paid TotalEnergies nearly $1 billion to cancel offshore wind projects, reducing future supply while demand increases due in part to AI data centers adding costs for grid operators like PJM.
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Topics: electricity prices energy policy PJMA capacity auctions political promises