The “One Big Beautiful Bill” (OBBB), signed into law on July 4, contains policies that will increase oil and gas leasing and repeal clean energy tax credits. This will result in higher energy costs — costs that will be passed on to consumers. 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%-18% and household energy costs are anticipated to go up $170 annually by 2035.
Find Out: Mark Cuban: Trump’s Tariffs Will Affect This Class of People the Most
