Electricity Prices Up 5.5%
According to the latest Consumer Price Index (CPI), the index for electricity is up 5.5%, meaning consumers should expect their energy bills to be higher than they were last year.
Alex Jacquez, who served as Special Assistant to the President for Economic Development and Industrial Strategy at the White House National Economic Council in the Biden administration, explained that for years, the United States' demand for energy was stable, but over the last couple it has gone up.
Victoria LaCivita, White House Regional Communications Director, told Erie News Now in a statement:
"Joe Biden's green new scam agenda crushed America's energy industry with stifling regulations, causing electricity prices to soar by more than 30% in just four years.
His policies attacking coal and natural gas plants drove Pennsylvania prices up, and they were predicted to get worse.
President Trump is committed to help states "drill baby drill" and unleashing Pennsylvania energy.
In July, he announced a massive investment of over $90 billion dollars for data centers and energy infrastructure, which will drive innovation and job creation in the commonwealth."
Carly Manino, Senior Director of Corporate Communications at National Fuel Gas Company, told Erie News Now in a statement:
"National Fuel adjusts gas supply rates on a quarterly basis.
The next time we can adjust rates is November 1.
National Fuel customers who are having trouble paying their bills should call 1-800-365-3234 to learn more about assistance programs and services."