Overview
- Electricity prices rose 6.9% year over year in November, outpacing 2.7% overall inflation, according to the Bureau of Labor Statistics.
- Energy Secretary Chris Wright said voters should hold the administration accountable for delivering lower bills, echoing President Trump’s pledge to cut prices sharply.
- Wright blamed Biden-era renewable mandates for recent increases and pointed to larger spikes in Democratic-led states, a claim clean-energy advocates dispute.
- He said the administration kept more than 15 gigawatts of coal and other firm capacity online and warned closures among roughly 100 gigawatts once slated to retire would have lifted prices.
- American Clean Power cited EIA data showing high-renewables states saw smaller hikes, while the EIA projects residential electricity prices to keep rising next year with higher winter heating costs.