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Soaring electricity prices are raising questions about why Trump keeps canceling energy projects around the country.
Rising electric bills become political problem for Trump, GOP
Meanwhile, Trump is escalating his war on energy.
White House Orders Agencies to Escalate Fight Against Offshore Wind
How much more pain can people take to satisfy Trump's ideological obsessions?
Rising electric bills become political problem for Trump, GOP
Rising power prices are becoming a political liability for Republicans as electricity costs outpace inflation.
A recent Consumer Price Index report found electricity prices were rising at double the rate of inflation, having increased 5.5 percent over the past year.
And the general public may be starting to take notice.
“In the last couple of years, different items that have gone up in price have become media concerns. They become very visible, people get very angry — and I think electric rates are heading in that direction,” said Mark Wolfe, executive director of the National Energy Assistance Directors’ Association.
While on the campaign trail, Trump promised to bring down electricity prices.
“Under my leadership, the United States will commit to the ambitious goal of slashing energy and electricity prices by half, at least,” he said at a rally last year. “We intend to slash prices by half within 12 months, at a maximum 18 months.”
Meanwhile, Trump is escalating his war on energy.
White House Orders Agencies to Escalate Fight Against Offshore Wind
Trump says U.S. will not approve solar or wind power projectsThe White House has taken the extraordinary step of instructing a half-dozen agencies to draft plans to thwart the country’s offshore wind industry as it intensifies its governmentwide attack on a source of renewable energy that President Trump has criticized as ugly, expensive and inefficient.
Solar execs warn utility prices will surge as Trump cancels renewable energy projects — how to slash your billPresident Donald Trump on Wednesday said his administration will not approve solar or wind power projects, even as electricity demand is outpacing the supply in some parts of the U.S.
Trump administration cancels pending loan for massive power line projectTariffs and the end of federal subsidies make it costlier to produce energy, while limiting overall supply — just as demand for energy, especially to power U.S. data centers and artificial intelligence, soars.
That means you’ll likely be seeing fewer wind and solar farms on the horizon — and higher utility bills in their place.
The Energy Department said Wednesday it terminated a pending $4.9 billion loan guarantee offered by the Biden administration to one of the nation’s largest power line projects, marking the latest move by the Trump administration to undermine clean energy development in the United States.
How much more pain can people take to satisfy Trump's ideological obsessions?