US electricity bills are surging: Average US residential electricity prices rose +5% YoY, to a record 17.3 cents per kilowatt-hour in 2025. Since January 2020, electricity prices have risen +30% or more in at least 11 US states, with the steepest increases concentrated in the Northeast and Midwest. In parts of eastern Pennsylvania, electricity prices have surged +200% over this period, adding ~$23 per month to the average household bill this year alone. Data centers are expected to add at least $23 billion to customer bills on PJM Interconnection, the nation's largest power grid, over the 3 years ending May 2028. This comes as US summer power demand is projected to rise +224 gigawatts over the next decade, enough to power an additional 180 million homes, driven primarily by data center expansion, electric vehicles, and heat pumps. Rising electricity bills are a major economic issue.