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Rising electricity prices pose a problem for Trump

Environment,Politics,Energy,Electricity,Donald Trump

From the Left

President Donald Trump’s campaign promise to cut energy prices in half just got even more unrealistic. Electricity costs are careening toward a 30-year high, writes Brian Dabbs. Ballooning demand from power-hungry data centers is driving the trend, according to a new report from the conservative think tank American Enterprise Institute. Power customers are feeling the sting. And rates may only continue to grow, said David Michael Tinsley, senior economist at Bank of America Institute If other strains hit the economy, such as restricted job growth, “consumers may increasingly feel the...

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