Soaring Power Bills Threaten to Swing Elections

Bloomberg: “Across the U.S., soaring electricity costs are burdening consumers and stirring voter anger. The rapid build-out of artificial intelligence data centers, along with tariffs and upgrades to an aging grid, has raised power prices at rates unseen in decades. The war in Iran is throwing global energy markets into upheaval, adding a surge in gasoline prices to affordability concerns.”

“The energy strains have propelled the once-mundane utility bill to the center of US politics, a place it hasn’t occupied since electricity became a staple of American life. After a 2024 election in which voter concerns over inflation and the economy helped send Donald Trump back to the White House, the outcome of this year’s midterms stands to be as much about the price of power as the price of groceries.”