US Electric Bills Jump Nearly 30% Since 2021 as Supply Shortfalls Raise Summer Blackout Risks
Updated
Updated · Fox News · Jun 3
US Electric Bills Jump Nearly 30% Since 2021 as Supply Shortfalls Raise Summer Blackout Risks
2 articles · Updated · Fox News · Jun 3
Summary
Nearly 30% higher average monthly power bills between 2021 and 2025 are leaving millions of Americans facing another costly summer, with demand outpacing new electricity supply.
75% of recent bill increases across Exelon utilities came from generation costs rather than delivery, as wholesale prices rose while older plants retired faster than replacements arrived.
More than half the country faces elevated summer electricity shortfall risks, NERC warned, raising the threat of brownouts or blackouts alongside higher bills.
$20 billion a year could be saved if regulated utilities are allowed in some cases to develop and own generation, according to a Charles River Associates analysis cited in the report.
Exelon, which serves nearly 11 million Americans, said it has launched a $60 million customer relief fund while arguing the broader fix is faster permitting and an all-of-the-above buildout.