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The huge deal Trump could make to lower energy prices

3 11
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President Donald Trump has largely delivered on his promise to lower costs for American consumers, except in one area: electricity. According to the latest Consumer Price Index, electricity prices rose 6.2% over the last 12 months, more than double the current rate of inflation. But this steep rise in electricity costs isn’t Trump’s fault. It is a problem decades in the making. Luckily, there is a solution sitting in the House Natural Resources Committee if Trump wants to take it.

Electricity prices are rising for the simple reason that demand, mostly driven by new data centers for the Artificial Intelligence industry, is growing faster than supply. It doesn’t help that some of the largest states, like California, have the highest electricity prices in the country, thanks to environmental policies that punish fossil fuels like oil and gas. According to the Census Bureau, one in three households in the United States reported forgoing necessities, including food and medicine in order to pay their energy bills.

Trump has blamed renewable energy projects for the energy price hikes, and while renewable energy does have reliability problems, the true culprit of the dearth of new energy availability lies elsewhere. This is evident by the fact that states with the lowest........

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