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Trump Misses 50% Electricity Cut Deadline, Rates Rise

7/22/2026

26 2 Full Breakdown

Summary

Story summary

U.S. President Donald Trump missed his deadline to cut electricity rates by 50%.
In April 2026 the residential price was 18.83 cents/kWh, up from 17.55 cents in 2025.
The Century Foundation said an early-2026 utility bill hit $280, a 12% rise since 2024.
Energy Secretary Chris Wright said AI data centers will curb price rises, although analyses link them to household costs.

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Story summary

U.S. President Donald Trump missed his deadline to cut electricity rates by 50%.
In April 2026 the residential price was 18.83 cents/kWh, up from 17.55 cents in 2025.
The Century Foundation said an early-2026 utility bill hit $280, a 12% rise since 2024.
Energy Secretary Chris Wright said AI data centers will curb price rises, although analyses link them to household costs.