Why Americans are furious at utility companies: A broken monopoly system drives soaring costs

Summary

Utility costs in the U.S. are reaching record highs, and antitrust analyst Matt Stoller argues the root cause is a broken system where utility monopolies are guaranteed profits on all spending, incentivizing waste while grid reliability declines and Wall Street profits. Stoller notes a growing political backlash driven by the broader affordability crisis, with public anger mounting against utility companies.