Vice President Kamala Harris claimed on Wednesday that the Biden administration has decreased electricity prices for American families even as data indicate the exact opposite.
Harris remarked during a speech at Bowie State University in Maryland that efforts from the White House to lower costs have translated to lower power bills. “For working families,” she said, “we have reduced heating and electricity bills so folks have more money in their pocket to buy things like school supplies, replace the dishwasher, or take a family vacation.”
The national average cost of electricity has nevertheless increased from $0.136 per kilowatt-hour in January 2021 to $0.168 per kilowatt-hour in January 2023, according to data from the Bureau of Labor Statistics, constituting a 24% increase over the two years since President Joe Biden assumed office. Electricity costs had remained relatively stable for the previous decade, never exceeding $0.150 per kilowatt-hour until March 2022.
Power costs in the northeastern United States increased 39%, from $0.169 per kilowatt-hour to $0.235 per kilowatt-hour, between January 2021 and January 2023, while western and midwestern cities, respectively, saw prices rise 17% and 15% over the same time horizon.
Even more severe trends exist for utility natural gas: national average prices for the fuel rose 63% between January 2021 and January 2023, according to more data from the Bureau of Labor Statistics. Prices for utility gas increased 112% for cities in the western United States, while prices rose 55% and 47% in the midwestern and northeastern portions of the country.
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