Overview

• Official data show residential electricity rose from 15.95 to 17.47 cents per kWh between January and May, with July prices up 5.5% year over year.
• An analysis from Climate Power links recent increases to new tariffs, rolled-back clean-energy incentives and growth in data centers, citing 64,000 renewable jobs cut or paused and 123 projects halted across 33 states representing $33.87 billion in lost investment.
• Energy Innovation projects the One Big Beautiful Bill Act could lift wholesale power prices by as much as 74% over the next decade, which Forbes reports could add about $170 to the average household’s annual costs by 2035.
• Forbes reports that tariffs on steel, aluminum and related inputs are expected to raise grid construction and maintenance costs that utilities pass on to customers.
• EIA projections indicate commercial users, including AI data centers, will overtake residential customers in electricity consumption next year, intensifying demand pressures even as Energy Secretary Chris Wright rejects claims that clean-energy rollbacks are driving current spikes.