Trump promised to cut electric bills in half. His energy policy is doing the opposite, new analysis finds

A new analysis argues that President Donald Trump’s promise to cut electricity bills in half is being undermined by his energy policy, particularly as U.S. power demand rises. The report from clean-energy think tank Energy Innovation says limits on wind and solar development are expected to keep raising costs through the next decade. It estimates household energy spending will rise by more than half a trillion dollars by 2040, with the average household paying $460 more by 2035 and up to $490 more by 2040. Energy Innovation links this trend to policies it says made permitting harder, favored more coal-fired generation, and reduced clean-energy support after Republicans killed a clean energy law that included billions in subsidies. Energy Sec. Chris Wright praised Trump’s ending of clean energy tax credits, calling renewables “low-value,” while a Department of Energy spokesperson echoed claims about higher costs and reduced grid reliability. The White House disputes the analysis’s fairness, citing funding to Energy Innovation from progressive “dark money” groups.