They are correct. You will see in the coming years that electricity across the US is going to get substantially more expensive. There are several reasons for th

They are correct. You will see in the coming years that electricity across the US is going to get substantially more expensive. There are several reasons for this: 1. Data centers, primarily driven by AI. Why? Because they can (and do) negotiate deeply discounted prices AND either don't pay for the connection and required infrastructure or they only pay a portion of it. Who pays for the rest? Consumers. Who subsidizes the discounted electricity? Consumers. 2. Increased electricity use in an area tends to raise the prices for everyone. We actually saw this in the crypto mining boom (eg [1]). In short, in a region like upstate New York where it otherwise has access to cheap hydro power, the local provider will have a long term power supply contract for a certain amount of electricity. A big increase usually means they now have to buy power on the spot market, which can be much more expensive. This raises the average electricity price for everyone; 3. The administration is pushing a huge expansion in LNG exports. IIRC ~41% of US power generation comes from natural gas. A huge increase in LNG exports will inevitably cause a rise in natural gas prices for all domestic power producers. This is in part driven by the ongoing Russian invasion of Ukraine but natural gas suppliers have seen (and pounced upon) an opportunity to drive up the wholesale price of natural gas; 4. The dam has really broke on contraining price hikes for pure profit purposes (eg [2]). If you look at the finances of any private electricity utility, you'll see that simply increasing shareholder profits is probably the biggest single factor in electricity price hikes; 5. While all this is happening and we're not really building new power plants (at least not enough to match demand), the administration has cut off renewables, which are key to meeting demand beyond any environmental concerns (which are real and true). Power usage spikes during the day. Well guess what? That's when solar power production happens. So adding significant solar power production to your electricity mix will decrease the baseline power needed from other sources; 6. Private equity has turned its eye to the guaranteed profits of electricitiy providers [3]. This will do absolutely nothing other than raise prices; and 7. Lip service is given to nuclear but it simply isn't the answer, primarily because the lead time for building a nuclear power plant is about 10-15 years. Plus it's one of the most expensive forms of electricity (in LCOE terms) and having a company safely manage a nuclear power plant in an era where regulation is being gutted doesn't seem like a great idea. Not a single nuclear power plant has been built without government subsidy. Why not just subsidize renewables instead, particularly solar? Efforts such as small modular reactors to lower costs simply make no sense. Larger reactors are more efficient. I think by 2030 a significant portion of the population will be paying $0.50/kWh or more for residential electricity. [1]: https://bfi.uchicago.edu/insight/research-summary/when-cryptomining-comes-to-town-high-electricity-use-spillovers-to-the-local-economy/ https://bfi.uchicago.edu/insight/research-summary/when-crypt... [2]: https://cleanenergy.org/news/tva-executes-the-largest-electric-rate-increase-in-more-than-a-decade-while-providing-the-least-amount-of-information-of-any-major-utility/ https://cleanenergy.org/news/tva-executes-the-largest-electr... [3]: https://jacobin.com/2025/08/private-equity-minnesota-power-takeover https://jacobin.com/2025/08/private-equity-minnesota-power-t...