Overview

• Residential electricity rates rose about 10% from January to May, and July prices were 5.5% higher year over year, according to EIA and BLS data.
• The Commerce Department expanded Section 232 duties to impose a 50% tariff on wind turbines and their parts, adding hundreds of steel and aluminum product categories.
• Trump said on Truth Social the administration will not approve new wind projects and would also block certain solar projects, intensifying his long-standing attacks on renewables.
• Energy Secretary Chris Wright acknowledged rising energy costs pose a political risk for Republicans and attributed current price pressures to Obama‑Biden era policies.
• Analyses from Energy Innovation and Climate Power link recent policies and data‑center demand to higher costs, citing a potential 74% wholesale price increase and reporting 64,000 renewable jobs paused or cut across 123 disrupted projects.