President Donald Trump’s “One Big Beautiful Bill” (OBBB) was signed into law on July 4. The final legislation has significant repercussions for energy. It includes policies that will increase oil and gas leasing and repeal clean energy tax credits. Wholesale electricity prices are expected to increase 25% by 2030 and 74% by 2035. Electricity rates paid by consumers are expected to increase between 9% and 18% and household energy costs are anticipated to go up $170 annually by 2035.
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