{"id":502593,"date":"2026-02-27T07:40:18","date_gmt":"2026-02-27T07:40:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/502593\/"},"modified":"2026-02-27T07:40:18","modified_gmt":"2026-02-27T07:40:18","slug":"americans-face-electricity-prices-outpacing-inflation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/502593\/","title":{"rendered":"Americans face electricity prices outpacing inflation"},"content":{"rendered":"\n<p>&#8216;The Big Money Show\u2019 panel discusses President Donald Trump\u2019s push to sell falling inflation, lower gas prices and rising manufacturing growth ahead of the midterm elections.<\/p>\n<p>Americans are facing rising electricity costs around the country as winter weather and the rise of\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/artificial-intelligence\" target=\"_blank\" rel=\"noopener nofollow\">artificial intelligence (AI)<\/a> data centers increase demands on the electric grid.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-electric\" target=\"_blank\" rel=\"noopener nofollow\">Electricity prices<\/a> have risen faster than the pace of inflation in the last year. January consumer price index (CPI) data from the Bureau of Labor Statistics showed electricity costs were up 6.3% from a year ago, while CPI was up 2.4% in that period.<\/p>\n<p>Data from the Energy Information Administration (EIA) showed that, as of December, electricity prices rose nationally from 12.82 cents per kilowatt-hour to 13.72 cents, an increase of 7.1%. The data covers electricity use across all sectors of the economy, including residential, commercial, industrial and transportation.<\/p>\n<p>Phil Flynn, senior market analyst at the Price Futures Group and a FOX Business contributor, said that electricity prices are rising in part because of a regulatory environment that favored renewable energy sources like solar and wind over more reliable sources like natural gas, coal or nuclear.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/trump-admin-ramps-up-effort-revive-coal-industry-power-demand-surges\" target=\"_blank\" rel=\"noopener nofollow\">TRUMP ADMIN RAMPS UP EFFORT TO REVIVE COAL INDUSTRY AS POWER DEMAND SURGES<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/02\/florida-electric-grid.jpg\" alt=\"Electrical lines in Florida\"\/> <\/p>\n<p>Electricity costs have jumped double digits in a number of states from a year ago.\u00a0 (Joe Raedle\/Getty Images)<\/p>\n<p>&#8220;They forced the grid away from reliable and cheap\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/energy\" target=\"_blank\" rel=\"noopener nofollow\">baseload power<\/a> and made it nearly impossible to upgrade power plants, build new pipelines and, in some cases, mandated new builds be powered with electricity instead of natural gas,&#8221; Flynn told FOX Business.<\/p>\n<p>While some states have seen modest increases or even declines in electricity costs in the last year, ratepayers in a number of states have seen double-digit percentage increases in the electric bills that can put a significant dent in\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-consumer\" target=\"_blank\" rel=\"noopener nofollow\">household budgets<\/a>.<\/p>\n<p>The District of Columbia saw the biggest spike when compared with the 50 states, with its electricity prices rising 26.29%.<\/p>\n<p>Here&#8217;s a look at the 10 states that saw the largest increases in overall\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/economy\" target=\"_blank\" rel=\"noopener nofollow\">electricity costs<\/a> from a year ago and those that experienced the smallest increases or declines, according to EIA data.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/california-gas-prices-surge-40-cents-just-2-weeks-impact-refinery-closures-weighs\" target=\"_blank\" rel=\"noopener nofollow\">CALIFORNIA GAS PRICES SURGE 40 CENTS IN JUST 2 WEEKS AS IMPACT OF REFINERY CLOSURES WEIGHS<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/02\/wind-electric-power-wyoming.jpg\" alt=\"A pickup truck travels along a rural highway with wind turbines rising across the Wyoming plains.\"\/> <\/p>\n<p>The power grid is under increased strain due to the rise of AI data centers and winter weather. (Patrick T. Fallon\/AFP via Getty Images)<\/p>\n<p>Largest electricity price increases<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/media\/energy-secretary-grid-must-be-built-peak-demand-three-mile-island-plans-return\" target=\"_blank\" rel=\"noopener nofollow\">ENERGY SECRETARY SAYS GRID MUST BE BUILT FOR &#8216;PEAK DEMAND&#8217; AS THREE MILE ISLAND PLANS RETURN<\/a><\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/02\/electric-grid-1.jpg\" alt=\"Electric power gried\"\/> <\/p>\n<p>Several states saw electricity prices decline year over year in December, bucking the national trend. (Joe Raedle\/Getty Images)<\/p>\n<p>Largest electricity price declines or smallest increases<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener nofollow\">GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#8216;The Big Money Show\u2019 panel discusses President Donald Trump\u2019s push to sell falling inflation, lower gas prices and&hellip;\n","protected":false},"author":2,"featured_media":502594,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-502593","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/502593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=502593"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/502593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/502594"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=502593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=502593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=502593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}