Electricity Prices Are Climbing More Than Twice as Fast as Inflation

Electricity prices have surged more than twice the inflation rate over the past year, with Florida Power & Light customers facing bills over $400 in summer, prompting a proposed 13% rate increase opposed by many. The Energy Department anticipates data centers will outpace residential electricity consumption by 2026, while natural gas costs for power generation are projected to rise significantly, affecting low-income households struggling with bills.

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