Why U.S. Electricity Prices Will Continue to Rise
Update: 2025-11-03
Description
Electricity prices in the US are projected to rise steadily due to the need to modernize aging power grids and meet growing demand, driven by electric vehicles and AI data centers. Even with fossil fuels, the cost of replacing old plants will push prices up. Analysts predict a 7% annual increase on consumers' bills, with potential for higher increases. As the country's energy needs grow, so will the cost of electricity, impacting families and businesses' budgets.
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