Friday, August 22, 2025

US Electricity Prices

Saw this chart today on Paul Krugman's substack: Electricity prices under Trump:

 

So up 6%. US inflation is only up 1%.

As Krugman notes, Trump said during his campaign that he would cut electricity prices in half after 12 months in office. It's was a stupid claim, but a lot of the dumb MAGAts fell for it, just like him saying he would end the Ukraine-Russian war on his first day in office. It's so disheartening that his voters and the media let him get away with that kind of sh... crap.

Here's the full chart since 1979: 


Comparing that to US inflation, the average electricity price now is up, since Nov 1978, by 311%, whereas US inflation is up 377% over that time.

The last 5 years clearly show the introduction of huge AI data centers. We're all paying for it. [Maybe those companies should provide their own power. In fact, some are doing that.] So what does Trump decide to do? Reduce electricity supply by now wanting to deny permission for new solar and wind projects, calling them "the scam of the century." Ironic. It's just a huge payout to the fossil fuel industry who gave him $500 million for his campaign. That's it. Same for all the denial of climate change, undoing CO2 restrictions for cars, the phony new climate assessment report by deniers, eliminating climate science from NASA (i.e. GISS, where James Hansen led for a long time and now Gavin Schmidt), and on and on. It's said that Trump hates wind power because he thought the windmills in the ocean off his golf course in Aberdeenshire were ugly but the Scots wouldn't remove them. (He even took them to court, but lost.)  

By the way, here's a bit of the inside stuff on how the five climate deniers were chosen to lead the administration's climate assessment report. It's full of errors. Of course it is.

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