WOW! Chart: Yes, US power prices are rising. Donâ€
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Posted On: 08/25/2025 8:25:06 AM
WOW! Chart: Yes, US power prices are rising. Don’t blame clean energy.
Republican leaders — most recently U.S. Energy Secretary Chris Wright — have tried to blame the trend on the large amounts of clean energy hitting the grid, but that’s not the problem. Solar, wind, and batteries are the cheapest form of power, and a 2024 report from research group Energy Innovation found no correlation between renewable energy adoption and utility rate increases.
If renewable energy construction slows at the same time data centers and consumers require more power, it will create a clear dynamic of too much demand and not enough supply. The result will be even higher energy bills for Americans, Rhodium and others forecast — the exact opposite of Trump’s grand vow to rein in costs
https://www.canarymedia.com/articles/policy-r...ump-impact
icymi
Republican leaders — most recently U.S. Energy Secretary Chris Wright — have tried to blame the trend on the large amounts of clean energy hitting the grid, but that’s not the problem. Solar, wind, and batteries are the cheapest form of power, and a 2024 report from research group Energy Innovation found no correlation between renewable energy adoption and utility rate increases.
If renewable energy construction slows at the same time data centers and consumers require more power, it will create a clear dynamic of too much demand and not enough supply. The result will be even higher energy bills for Americans, Rhodium and others forecast — the exact opposite of Trump’s grand vow to rein in costs
https://www.canarymedia.com/articles/policy-r...ump-impact
icymi
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