Analysis Says Trump Energy Policies Could Increase Household Electricity Costs

A new analysis says President Donald Trump’s energy policies could lead to higher electricity costs for American households over the next decade.The report from clean energy research group Energy Innovation estimates the policies could add more than half a trillion dollars in household energy costs by 2040. The analysis projects the average household could pay about $460 more per year by 2035.The report attributes the potential increases to changes involving renewable energy support, electric vehicle incentives, and consumer tax credits.The findings come as the Trump administration pushes policies focused on expanding domestic energy production and reducing regulations affecting the energy industry.The White House disputes the report, calling it partisan and arguing that the administration’s energy policies will increase American energy production, strengthen the energy market, and help lower costs for consumers.Energy costs remain a major concern for households nationwide as policymakers debate the role of renewable energy, fossil fuels, and government incentives in shaping the future of electricity prices.Explore: NBCPalmSprings.com, where we are connecting the Valley. For more Coachella Valley News visit NBCPalmSprings.com