"Trump has said that ramping up the production of fossil fuels will "unleash American energy" and save taxpayers money. But residential electric bills have increased about 10% nationwide this year - from 15.9 cents per kilowatt hour in January to 17.6 cents at the end of August, according to the latest available data from the U.S. Energy Information Administration. At the same time, wind and solar remain the least expensive form of new-build electricity generation, according to the financial advisory firm Lazard."
"The race for New Jersey governor saw Democratic Rep. Mikie Sherrill face off against Republican Jack Ciattarelli after state residents saw a roughly 20% price spike in electricity rates this year driven by reduced supply and growing demand from data centers and a slow roll-out of renewables, among other challenges. Sherrill campaigned heavily on the issue, vowing to declare a state of emergency on utility costs on her first day in office and institute a utility rate freeze."
Democrats who campaigned on energy affordability won key races in New Jersey, Virginia, and Georgia. Residential electric bills rose about 10% nationwide this year, with New Jersey experiencing roughly a 20% spike driven by reduced supply, growing demand from data centers, and a slow rollout of renewables. Candidates offered competing approaches, including expanding wind and solar or boosting fossil-fuel production. Wind and solar remain the least expensive form of new-build electricity generation, according to Lazard. In New Jersey, Rep. Mikie Sherrill pledged a state of emergency on utility costs, a rate freeze, and new cleaner generation to lower bills.
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