Trump promised to cut your electric bill in half. It’s up 16% instead

Published July 10, 2026 11:00am ET



Electricity prices are rising — and President Donald Trump and congressional Republicans are to blame. At a time when artificial intelligence, electrification of the economy, and increased domestic manufacturing are driving unprecedented growth in electricity demand, every move they make appears purposely designed to raise costs and block the production of the energy the nation desperately needs.

Immediately after taking office, Trump unleashed a comprehensive, whole-of-government attack on abundant, affordable, and reliable renewable energy resources. In a play ripped straight from the pages of Project 2025, the administration quickly began using the immense machinery of government to obstruct the deployment of cheap, cost-effective resources like solar energy, wind power, and battery storage technologies. The result is a mind-boggling 16% increase in electricity prices for hardworking American families and businesses since Jan. 20, 2025. Clearly, calls for a commonsense approach to energy policy fell on deaf ears.

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