Source: Reason
by Jeff Luse
“On the campaign trail, Donald Trump promised to cut ‘electricity prices by half’ within 18 months of becoming president. In the eight months since he took office, Trump’s plans haven’t worked, and electricity prices have steadily increased, rising at nearly twice the rate of inflation over the past 12 months. Predictably, the Trump administration has blamed renewables for this trend, with Energy Secretary Chris Wright recently saying that the ‘momentum’ of the policies enacted by Barack Obama and Joe Biden is responsible for electricity price increases. … The government’s preferential treatment of renewables is partially responsible for these price hikes; flood the grid with intermittent [sic] energy sources, while making it harder for fossil fuels to operate, and electricity prices will rise. But this isn’t the only reason why electricity costs have gone up.” (08/26/25)