Rising power bills are becoming the new “price of gas.” (WSJ)
While gas prices have dropped 9% in the last year, electricity costs jumped 6.7% in December alone (and ~38% since 2020), vastly outpacing broader inflation and pushing utility bills to the forefront of the 2026 midterms.
Politicians from both parties are targeting data centers as the culprits. President Trump recently met with Northeastern state governors to demand an emergency power auction and push tech giants to build their own power plants rather than driving up rates for residential customers.