Energy & Environment — Wright says electric prices will stop rising 'very soon'

View Online Energy & Environment Energy & Environment The Big Story  Wright optimistic that power prices will stop rising soon Energy Secretary Chris Wright expressed optimism that electricity prices will soon stop rising. © Associated Press "Very soon, you'll see a stop of the rise of electricity prices. And with the continuation of [the Trump administration's] policies of energy addition, you will see declines in electricity prices later this term," Wright told host Jacqui Heinrich on "Fox News Sunday."   As of September, electricity prices were up 5.1 percent relative to 12 months prior, according to the Bureau of Labor Statistics (BLS). In January, electricity prices were up 1.9 percent from the previous year.   Overall inflation in September hit 3 percent, the same as in January, according to the BLS.    The U.S. Energy Information Administration (EIA), a semi-independent division of the Department of Energy (DOE), projects that next year, residential electricity prices will be up as much as 18 percent relative to 2022.    Experts have recently told The Hill that rising power prices stem from a variety of factors, including expensive rebuilding after extreme weather and high demand, which can be exacerbated by data centers.   Read more here, from The Hill's Max Rego. Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin  — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Senators brace for another possible shutdown in January Senators in both parties are bracing for another government shutdown next year after Republicans blocked a proposal to extend expiring health insurance subsidies, the issue that triggered the 43-day closure that consumed much of the fall calendar.  Full Story Record floods in Washington state trigger dramatic rescues and evacuations Record floodwaters began slowly receding in Washington state on Friday after triggering evacuations, inundating communities and prompting dramatic rescues from rooftops and vehicles. But authorities warned that waters would still be high for days, and that danger from potential levee failures remained.  Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: Ford scraps EVs at plant in TN, has new plan for site (Memphis Commercial Appeal) Utility watchdogs accuse PGE of skirting new law meant to make data centers pay for rising demand (Oregon Public Broadcasting) On Tap  Upcoming news themes and events we're watching: Tuesday, the House Natural Resources Committee will hold a hearing on bills related to geothermal energy.  Tuesday, the House Small Business Committee will hold a hearing to examine the Disaster Assistance Program at the Small Business Administration. What Others are Reading  Two key stories on The Hill right now: Read more Read more   You're all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2025 Nexstar Media Inc. | All Rights Reserved.

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