Affordability Crisis: Utilities Pocket $244 Billion Profit As Energy Affordability Crisis Hits Americans
Americans can feel the affordability crisis spiraling out of control.
Electricity bills rose 13% last year, forcing families to pay $110 more in 2025 compared to 2024, with 14 million people – one in 14 households - facing utility debt so severe they will be sent or soon will be sent to collections.
Several apparent factors are fueling this crisis: volatile natural gas prices pushed by record LNG exports, expensive coal plants being forced to stay online, the data center boom, and the One Big Beautiful Bill Act repealing federal tax credits designed to protect consumers.
But new analysis reveals a hidden reason America’s electricity bills are skyrocketing – utilities are pocketing hundreds of billions in profits from consumers.
https://www.forbes.com/sites/energyinnovation/2026/03/22/utilities-pocket-244-billion-profit-as-energy-affordability-crisis-hits-americans/
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