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Home > "Electricity Prices Are Surging. The GOP Megabill Could Push Them Higher."

"Electricity Prices Are Surging. The GOP Megabill Could Push Them Higher." [1]

"The combination of a data center boom, rising gas exports and cuts to clean energy tax breaks could spike American energy bills, analysts say." 

"The cost of electricity is rising across the country, forcing Americans to pay more on their monthly bills and squeezing manufacturers and small businesses that rely on cheap power.

And some of President Trump’s policies risk making things worse, despite his promises to slash energy prices, companies and researchers say.

This week, the Senate is taking up Mr. Trump’s sweeping domestic policy bill, which has already passed the House. In its current form, that bill would abruptly end most of the Biden-era federal tax credits for low-carbon sources of electricity like wind, solar, batteries and geothermal power.

Repealing those credits could increase the average family’s energy bill by as much as $400 per year within a decade, according to several studies published this year."

Brad Plumer and Rebecca F. Elliott report for the New York Times June 4, 2025. [2]

Climate Change [3]
Consumer [4]
Energy & Fuel [5]
Environmental Politics [6]
Infrastructure [7]
Laws & Regulations [8]
National (U.S.) [9]
Public [10]
Source: NYTimes [2], 06/09/2025
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Source URL:https://www.sej.org/headlines/electricity-prices-are-surging-gop-megabill-could-push-them-higher

Links
[1] https://www.sej.org/headlines/electricity-prices-are-surging-gop-megabill-could-push-them-higher [2] https://www.nytimes.com/2025/06/04/climate/electricity-prices-republican-big-beautiful-bill.html [3] https://www.sej.org/category/topics-beat/climate-change [4] https://www.sej.org/category/topics-beat/consumer [5] https://www.sej.org/category/topics-beat/energy [6] https://www.sej.org/category/topics-beat/environmental-politics [7] https://www.sej.org/category/topics-beat/infrastructure [8] https://www.sej.org/category/topics-beat/laws [9] https://www.sej.org/category/region/national [10] https://www.sej.org/taxonomy/term/81