Overview
- Energy Secretary Chris Wright said on Fox News Sunday that price increases will stop "very soon" and decline later in President Trump's term, attributing recent spikes to Biden-era policies.
- Climate Power, citing EIA data, reports residential electric bills are up about 13% so far in 2025.
- Experts told ABC News that demand from data centers and other energy-intensive technologies is outpacing new generation, putting upward pressure on prices.
- Climate Power says cancellations or delays since Trump's election removed 24,958.5 megawatts of planned generation that could have powered more than 13 million homes.
- The Energy Department withdrew from a Biden-era Snake River memorandum, preserving more than 3,000 megawatts of hydro capacity that officials say helped avoid near-term shortages.