Overall, Americans are paying 11% more for #electricity than they were in January, though that number varies widely: Costs have risen 37% in Missouri but have fallen in 3 states by as much as 13%, #NEADA found.
“With prices going up so rapidly, electricity is becoming #unaffordable in many parts of the country,” said Mark Wolfe, an #energy economist & exec dir of NEADA. “And it isn’t just lower-income households anymore; it’s spilling into the middle class.”
“People are feeling a squeeze across the board, but what’s even more alarming is that we’re seeing people struggling to pay for these very, very basic necessities,” said Julie Margetta Morgan, president of the Century Foundation, a liberal think tank. “ #Electricity is not a luxury; it isn’t optional.”
#economy #affordability #CostOfLiving #Trump #inflation #recession #trumpcession
Nearly 1 in 20 households, or about 14 million Americans, were so behind on #utility #debt that it was reported to collections agencies or in arrears as of June, according to an analysis by the Century Foundation & Protect Borrowers, a nonprofit that advocates for consumers. Meanwhile, the average overdue balance of $789 has risen 32% since 2022.
#economy #affordability #CostOfLiving #electricity #Trump #inflation #recession #trumpcession
#Utility #prices have risen roughly 3X faster than overall #inflation this year, at a precarious time for the #economy. Businesses are announcing #MassLayoffs, & it’s taking #unemployed Americans much longer to find new #work. There are also signs that lower- & middle-class families are pulling back on spending.
#affordability #CostOfLiving #Trump #recession #trumpcession
“People are feeling a squeeze across the board, but what’s even more alarming is that we’re seeing people struggling to pay for these very, very basic necessities,” said Julie Margetta Morgan, president of the Century Foundation, a liberal think tank. “ #Electricity is not a luxury; it isn’t optional.”
#economy #affordability #CostOfLiving #Trump #inflation #recession #trumpcession
Overall, Americans are paying 11% more for #electricity than they were in January, though that number varies widely: Costs have risen 37% in Missouri but have fallen in 3 states by as much as 13%, #NEADA found.
“With prices going up so rapidly, electricity is becoming #unaffordable in many parts of the country,” said Mark Wolfe, an #energy economist & exec dir of NEADA. “And it isn’t just lower-income households anymore; it’s spilling into the middle class.”
In some areas, such as NYC, the surge has been dramatic—with residential shutoffs in Aug up 5X from a year ago, utility filings show.
In Pennsylvania…power shutoffs have risen 21% this year, with >270k households losing #electricity…. The avg electricity bill in the state…has risen 13% from 1 yr ago, as utilities upgrade grids to accommodate a burst of new #DataCenters, acc/to an analysis of federal data by #NEADA, which represents state directors of #energy aid programs for #LowIncome families.
Soaring #electricity prices are triggering a wave of power shutoffs nationwide, leaving more Americans in the dark as unpaid #bills pile up. Although there is no national count of electricity shutoffs, data from select utilities in 11 states show that disconnections have risen in at least 8 of them since last year, acc/to figures compiled by WaPo & the National #Energy Assistance Directors Association ( #NEADA).
#economy #affordability #Trump #inflation
https://wapo.st/3Xb0mXI
Does Trump Know The Price Of Milk?
“From the day I take the oath of office, we’ll rapidly drive prices down & make America affordable again,” #Trump promised last summer as he ran for president. “Prices will come down. You just watch. They’ll come down fast.”
#Prices have not come down. 10 months after Trump took office, prices are still climbing. #Groceries are MORE expensive. #Electricity bills have spiked. It costs more to buy a new #car.
#economy
https://www.nytimes.com/2025/11/21/opinion/trump-prices-affordability-promises-inflation.html?unlocked_article_code=1.208.t9KN.ecs_dFZ9Xw-d&smid=nytcore-ios-share
#Brazil’s President Luiz Inácio #Lula da Silva, with the support of about half the countries, had pushed for a road map for ending the use of #oil, #gas & #coal.
#Trump, who is withdrawing the #UnitedStates from the #ParisAgreement, refused to send negotiators to the event. Even without the Trump admin present to champion #FossilFuel interests, the measure faced stiff opposition.
Dozens of #DevelopingNations joined with major #oil producers including #SaudiArabia & #Russia to oppose the road map, arguing they were unable curtail #FossilFuels while many of their citizens lack #electricity.
Facing that resistance, #Brazil’s effort failed.
The #EU was the major holdout pushing for a deal to take stronger actions to slash #climate #emissions, but it agreed to support the accord after an all-night negotiation session that extended well into the morning Saturday.
Does Trump Know The Price Of Milk?
“From the day I take the oath of office, we’ll rapidly drive prices down & make America affordable again,” #Trump promised last summer as he ran for president. “Prices will come down. You just watch. They’ll come down fast.”
#Prices have not come down. 10 months after Trump took office, prices are still climbing. #Groceries are MORE expensive. #Electricity bills have spiked. It costs more to buy a new #car.
#economy
https://www.nytimes.com/2025/11/21/opinion/trump-prices-affordability-promises-inflation.html?unlocked_article_code=1.208.t9KN.ecs_dFZ9Xw-d&smid=nytcore-ios-share
China strides into US-sized gap at climate talks https://www.politico.eu/article/china-strides-into-us-sized-gap-at-climate-talks-2/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication #Greenenergytransition #EnergyandClimateUK #Electricvehicles #EnergyandClimate #Renewableenergy #Sustainability #Sustainability #Climatechange #Energymarkets #electriccars #Energyprices #Supplychains #Development #Electricity #Fossilfuels #U.S.economy #Investment #Naturalgas #Technology #Batteries #Oil
I am not worried about the alleged #aibubble
That occurs when there is over-investment. Right now the demand outstrips the supply.
#AI is not going away.
There will however be a problem when #bigtech moves over to #NPU instead of #GPU usage.
That will wipe out smaller providers as the cost per token will fall dramatically and that will shift power upwards.
Power companies also want to meet profit projections, so to make up for the shortfall in usage by increasing private #electricity cost.
If you wanted another reason to dislike crypto currencies and AI, here you go. Not only do we have to deal with more scams, more slop, less privacy and a warmer planet, but we also have to pay for it through our electrical bills.
Of course this is obvious. More demand for power means higher prices and crypto and AI uses a lot of power.
A short blog with some more details on our new project to create an analysis-friendly version of the huge FERC EQR electricity transaction dataset, with support from GridLab.
https://catalyst.coop/2025/11/17/capturing-the-elusive-ferc-eqr/
A new quarterly release of PUDL is available, v2025.11.0. Lots of final 2024 data from EIA, quarterly updates for EIA-930, EPA CEMS and other continuously updated sources. Plus the first EIA-176 natural gas tables, thanks to contributions from @switchbox_data
https://github.com/orgs/catalyst-cooperative/discussions/4767
A short blog with some more details on our new project to create an analysis-friendly version of the huge FERC EQR electricity transaction dataset, with support from GridLab.
https://catalyst.coop/2025/11/17/capturing-the-elusive-ferc-eqr/
If you wanted another reason to dislike crypto currencies and AI, here you go. Not only do we have to deal with more scams, more slop, less privacy and a warmer planet, but we also have to pay for it through our electrical bills.
Of course this is obvious. More demand for power means higher prices and crypto and AI uses a lot of power.
A new quarterly release of PUDL is available, v2025.11.0. Lots of final 2024 data from EIA, quarterly updates for EIA-930, EPA CEMS and other continuously updated sources. Plus the first EIA-176 natural gas tables, thanks to contributions from @switchbox_data
https://github.com/orgs/catalyst-cooperative/discussions/4767
A new quarterly release of PUDL is available, v2025.11.0. Lots of final 2024 data from EIA, quarterly updates for EIA-930, EPA CEMS and other continuously updated sources. Plus the first EIA-176 natural gas tables, thanks to contributions from @switchbox_data
https://github.com/orgs/catalyst-cooperative/discussions/4767