Trump tariffs and green energy rollbacks push household electricity bills up 10% [View all]

Source: msn/The Guardian

11h


Household electricity bills have increased by 10% since Donald Trump re-entered the White House, a new report has found, with its authors highlighting the impact of the president’s datacenter boosterism and cuts to clean energy projects as part of the cause. The analysis comes as the US energy secretary, Chris Wright, said he knows rising energy prices could be a political challenge for the GOP ahead of next year’s midterm elections, but claimed Democrats were to blame for the cost increases.

“The momentum of the Obama-Biden policies, for sure that destruction is going to continue in the coming years,” he told Politico in an interview published on Tuesday. “That momentum is pushing prices up right now. And who’s going to get blamed for it? We’re going to get blamed because we’re in office.”

Trump has repeatedly promised to lower utility bills. And in his Politico interview, Wright insisted that the Trump administration’s war on renewable energy is not inflating electricity costs.

But studies have found that Trump’s pro-fossil fuel, anti-renewable energy policies will raise prices. A July report from climate thinktank Energy Innovation, for instance, found that the Republicans’ spending megabill that the president signed last month could increase wholesale electricity prices by as much as 74%, largely due to its repeal of many Biden-era green energy incentives.

Read more: https://www.msn.com/en-us/news/politics/trump-tariffs-and-green-energy-rollbacks-push-household-electricity-bills-up-10/ar-AA1KQ2Zx