Ban Gas, Pay More.
Electricity prices across the US are, pardon the pun, rising at shocking rates. According to the Energy Information Administration, residential electricity prices in June were 5% higher than they were in June 2025 . The average price of electricity in American homes is now about 18.3 cents per kilowatt-hour. In 2016, that same amount of juice cost US residential consumers 12.5 cents. Thus, over the past decade, consumers have seen their home electricity costs jump by 46%. What’s driving the surge in power costs? According to a June report by Columbia’s Center on Global Energy Policy , the price increases “were driven primarily by investments in distribution and transmission networks, fuel volatility, routine maintenance, and policy mandates rather than load growth.” Of course, there are different theories for the jump in power costs, and price increases vary, a fact highlighted on a handy new website, bluestateshighrates.com . Regardless of what’s driving those higher prices, the...