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Most Americans See Utility Profits Behind Rising Home Energy Bills

The findings signal growing pressure on regulators to explain and manage household energy costs.

Overview

  • Based on a March 16–22 Pew survey of 3,524 adults, three-quarters say their home energy costs have risen in recent years.
  • Among those reporting increases, 64% call utility companies’ push for higher profits a major reason for their higher bills.
  • Many also point to system-level factors, with 43% citing energy-hungry data centers and 40% citing the cost of grid upgrades as major drivers.
  • Government data show broad price climbs since 2021, with residential electricity up 27% and natural gas up 26% through 2025, according to the U.S. Energy Information Administration.
  • Regional gaps are sharp, as 56% of Northeasterners say their costs rose a lot and several states in that region ranked among those with the largest electricity increases, while Republicans and Democrats differ on the roles of regulation and extreme weather.