"Driving the news: In a Truth Social post this week, Trump claimed household utility bills rose "over 30%" under President Biden. Where it stands: National electricity prices rose 4.7%, when adjusted for inflation, during Biden's term, with a noticeable uptick in 2022, alongside the early boom in AI, according to the Trump administration's own energy stats agency. Between the lines: Without adjusting for inflation, that figure rises to 25.8%, far closer to Trump's claim."
"Catch up fast: Administration officials on Friday joined a bipartisan group of governors in pushing for an emergency auction for tech companies to bid on 15-year contracts for new electricity generation capacity. Their plan aims to douse the political flames over who should pay the costs of surging electricity demand. Zoom in: Some states - particularly those in the Mid-Atlantic where a lot of data centers are being built - are seeing higher price spikes than the national average."
Trump claimed household utility bills rose "over 30%" under President Biden. National electricity prices increased 4.7% when adjusted for inflation during Biden's term, with a noticeable uptick in 2022 amid the early AI boom, per the Trump administration's energy statistics agency. Without inflation adjustment, the nominal increase was 25.8%. Administration officials and a bipartisan group of governors pushed for an emergency auction for tech companies to bid on 15-year contracts for new generation capacity to address who pays for surging demand. Mid-Atlantic states with data center growth are seeing larger spikes. Prices continue to rise under Trump, including in the nation's capital. The Energy Department did not immediately respond to a request for comment.
Read at Axios
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