Electric Bills in US Set to Rise as Utility Requests for Rate Hikes Double
Transmission lines and electricity infrastructure in Hilliard, Ohio.
Photographer: Brian Kaiser/BloombergUS electric companies have asked for $29 billion in rate increases so far this year, more than double their requests for the first half of 2024, according to a new report from energy affordability advocacy group PowerLines.
The rise is driven by the costs of replacing aging infrastructure and powering data centers for AI.