Business US electricity prices skyrocket under Trump, hitting highest levels in years By Ariel Zilber Published July 24, 2025, 3:48 p.m. ET ...

Although President Donald Trump has made bringing down energy prices a goal of his second term in the White House, they have been climbing in the U.S. What’s going on? Per the U.S. Bureau of ...

The first half of 2025 featured a slew of U.S. electricity and power milestones, with generation, demand and retail prices all scaling records during January to June.

Electricity prices surged 4.5% on an annual basis in May, driven by record demand from data centers that are needed to run artificial intelligence models.

White House study warns electricity prices could rise 9-58% by 2030 due to AI data centers' growing energy demands, requiring $1.4 trillion in new investments to meet power need.

ISO New England forecast that electricity demand approached 26,000 MW about 6:15 p.m. EDT on Tuesday, short of the record high of 28,130 MW set in August 2006.

Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 — nearly double the inflation rate for all goods and services. The U.S. Energy Information ...

Not all of that demand is related to AI, but it represents a portion, Turk said. Other factors pushing up prices The spread of data centers isn't the only reason U.S. electricity prices are surging.

Fred Kocher talks with Sam Evans-Brown, the Executive Director of Clean Energy New Hampshire, about a projected increase of 11% in New England's demand for electricity.

Prices are regional U.S. consumers spent an average of about $1,760 on electricity in 2023, according to the EIA, which cited federal data from the Bureau of Labor Statistics. Of course, cost can ...