Here’s why US household energy bills are soaring – and how to fix it | Mark Wolfe
Trump has prioritized fossil fuel companies over consumers, hitting the lowest-income families hardestDonald Trump promised to cut energy prices by 50%. Instead, average electricity prices over the past year have risen by about 6.7%, while natural gas prices have increased by 10.8%. Energy prices are influenced by many factors beyond any president’s direct control, including market conditions, weather-driven demand, regional infrastructure constraints and the rapid growth of energy-intensive datacenters that are driving new system costs. Policy choices do not determine prices on their own, but they do shape market outcomes, and the direction of this administration’s energy policy has been clear.From his first days in office, President Trump made clear that his energy agenda would prioritize fossil fuel producers over consumers. His administration moved to expand US liquefied natural gas exports, increasing exposure to volatile global markets. At the same time, it froze wind power projects that provide some of the cheapest new electricity, intervened to keep costly coal plants running, and backed the elimination of energy-efficiency tax credits that lower household energy bills.Mark Wolfe is executive director of National Energy Assistance Directors Association, co-director of the Center on Energy Poverty and Climate and adjunct faculty at the Trachtenberg School of Public Policy at George Washington University Continue reading… More
