Rising electricity prices key to midterms but no immediate fix ready

Skyrocketing electricity prices are poised to become a key issue in the run-up to the November midterm elections as both Democrats and Republicans try to claim the mantle as the party best equipped to address the affordability crisis.

Data from the Bureau of Labor Statistics show energy prices have risen during President Donald Trump’s first year in office. Between January 2025 and January 2026, the price of electricity rose 6.3%, while piped natural gas increased by 9.8%. In the same period, the price of gasoline dropped 7.5% — something the White House has been eager to highlight.