Households in the contiguous United States will pay thousands of dollars more for energy through 2040 because of federal policy changes since President Donald Trump returned to office such as canceling new clean energy projects, according to modeling released Friday by a nonpartisan think tank. The Energy Innovation analysis found that households will pay an average of $6,500 more for energy, cumulatively through 2040. In five states, households will pay roughly $9,000 more: Oregon, Mississippi, South Dakota, Virginia and Wyoming.
The California-based think tank said there will be more demand for natural gas for electricity because the administration is canceling new wind, solar and hydrogen projects and there will be more gasoline demand for transportation because Trump and Congress are revoking policies that incentivized efficient and lower-emissions vehicles. Higher demand increases prices.
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