Average residential electricity rates increased nearly 13 percent from April 2020 to April 2025, according to the U.S. Energy Information Administration. Since President Donald Trump returned to office in January 2025, rates have climbed an additional 6 percent. The EIA projects another 6 percent increase nationwide in 2026, and economic development finance firm ICF warns rates could rise as much as 40 percent by 2030. [1]
The North American Electric Reliability Corp. projected in its 2026 long-term reliability assessment that electricity demand will increase over the next decade by 70 percent more than 2024 estimates. This surge is driven by data centers, artificial intelligence, advanced manufacturing, and the electrification of residential and commercial sectors. Polling reflects widespread voter concern: 84 percent of 2,710 respondents in a January Climate Power survey cited electricity bills among primary concerns, while 57 percent of Florida voters in a March Environmental Defense Fund poll said electric bills are stressing household budgets. [1]
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