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Utility Bills Soar: 35% Increase Looms for Millions

9/12/2025

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Story summary
  • U.S. utility bills are set to rise significantly, with a projected 35% increase for 640,000 customers by 2026, costing an additional $67 billion for electricity and $11 billion for gas by 2028.
  • Dominion Energy in Virginia plans a $21 monthly increase in electric bills by 2027, driven by demand from AI data centers.
  • President Trump's pledge to reduce electric bills by 50% faces scrutiny as prices climb.
  • Rising costs are attributed to renewable energy policies by conservatives and climate change by progressives.
  • A bipartisan bill will study AI data centers' impact on rural energy costs, while California introduces legislation to stabilize energy costs and enhance grid reliability.
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