Inflation-adjusted reality: Biden-era electricity costs rise, but not by 30%

1 min read
Source: Axios
Inflation-adjusted reality: Biden-era electricity costs rise, but not by 30%
Photo: Axios
TL;DR Summary

Trump claimed household utility bills rose “over 30%” under Biden. Federal data show national electricity prices rose 4.7% when inflation-adjusted during Biden’s term (25.8% nominal), with higher spikes in some Mid-Atlantic states due to data centers. Prices fluctuate for many reasons and aren’t tightly tied to the president. Officials are pursuing an emergency 15-year contract auction to add generation capacity; the Energy Department did not comment.

Share this article

Reading Insights

Total Reads

0

Unique Readers

7

Time Saved

1 min

vs 1 min read

Condensed

65%

19066 words

Want the full story? Read the original article

Read on Axios