Feed: Slashdot
Feed Link: https://slashdot.org/
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Title: Electricity Prices Are Climbing More Than Twice as Fast as Inflation

Link: https://hardware.slashdot.org/story/25/08/19/...

Electricity prices have increased at more than double the inflation rate over
the past year, according to NPR reporting. Florida Power & Light
customers face monthly bills exceeding $400 during summer months, prompting
the utility to seek a 13% rate increase over four years that drew tens of
thousands of petition signatures in opposition. The Energy Department
projects data centers will consume more electricity than residential
customers for the first time in 2026. Natural gas costs for power generation
rose 40% in the first half of 2025 compared to 2024, and the department
expects another 17% increase next year. Natural gas generates more than 40%
of U.S. electricity. One in six households currently struggles to pay
electric bills. The federal government provides $4 billion annually in energy
assistance for low-income families. Further reading: Big Tech's AI Data
Centers Are Driving Up Electricity Bills for Everyone.

Read more of this story at Slashdot.

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