The grid just screamed a warning to Congress — and you’re paying for it
Electricity bills are rising fast and eroding household budgets for millions of the public. The median household in the bottom fifth of earners spends nearly 10% of its income on energy, while the top fifth spends around 1%. In 2024, 43% of adults in households earning under $25,000 reported being unable to pay an energy bill in the prior year.
- ▪Electricity bills are rising fast and eroding household budgets for millions of the public.
- ▪The median household in the bottom fifth of earners spends nearly 10% of its income on energy, while the top fifth spends around 1%.
- ▪In 2024, 43% of adults in households earning under $25,000 reported being unable to pay an energy bill in the prior year.
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Electricity bills are rising fast and eroding household budgets for millions of the public. The median household in the bottom fifth of earners spends nearly 10% of its income on energy, while the top fifth spends around 1%. In 2024, 43% of adults in households earning under $25,000 reported being unable to pay an energy bill in the prior year. Last week, the largest electricity market in the country signaled that this squeeze is about to get worse, and federal permitting delays are exacerbating the problem.On July 14, PJM Interconnection’s capacity market auction for the 2028 to 2029 delivery year cleared at the highest price legally allowed, $325 per megawatt-day, but there is still an expected shortfall in capacity of 6,831 megawatts.
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