Federal Policy Changes to Send Energy Bills Soaring by 2040

A think tank has found that households in the contiguous United States will pay thousands of dollars more for energy through 2040 due to federal policy changes made since President Donald Trump returned to office.

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 think tank attributed this increase to the cancellation of new clean energy projects, such as wind, solar, and hydrogen projects, which led to higher demand for natural gas for electricity and gasoline demand for transportation. The administration's environmental rollbacks, including clean air and power plant rules, also contributed to the increased costs.