Federal Policy Shifts Leave Households Facing Billions in Energy Costs

Households across the contiguous United States can expect to pay thousands of dollars more for energy through 2040 due to federal policy changes, according to a recent analysis by the nonpartisan think tank Energy Innovation.

The study found that households will pay an average of $6,500 more for energy cumulatively through 2040, with five states facing even higher costs: Oregon, Mississippi, South Dakota, Virginia, and Wyoming. These states will see annual household energy costs increase by around $9,000 or more.

The analysis attributed the increased costs to federal policy changes, including the cancellation of new clean energy projects, environmental rollbacks, and the loosening of fuel economy standards. As a result, there will be higher demand for natural gas for electricity and gasoline for transportation, leading to price increases.