Summary
National electricity prices in the U.S. have increased, but not as much as President Trump claimed. During President Biden's term, electricity prices rose 4.7% when adjusted for inflation, and 25.8% without the inflation adjustment, with noticeable increases in 2022.
Key Facts
- President Trump claimed electricity bills rose over 30% under President Biden.
- National electricity prices rose 4.7% during Biden's term when adjusted for inflation.
- Without inflation adjustment, the increase was 25.8%.
- Electricity prices experienced significant growth in 2022.
- Some states, especially in the Mid-Atlantic, see higher price spikes due to new data center constructions.
- President Trump's administration is promoting an emergency auction for tech companies to address electricity demand.
- Electricity prices change for many reasons, not always linked to the current president.
- The Energy Department has not commented on current price trends.
