Energy Innovation Report Warns Trump Policies Will Raise Energy Costs

The energy policy think tank Energy Innovation reports that federal policy changes enacted by Donald Trump since January 2025 could increase average annual household energy costs by $460 by 2035. The analysis indicates that total household expenses could rise by over half a trillion dollars by 2040. The report identifies the One Big Beautiful Bill Act, the repeal of the 2009 Endangerment Finding, and the cancellation of the Solar for All program as the primary drivers that reduce clean-energy deployment and drive up prices.

Projections show residents in Kentucky, Missouri, Oklahoma, North Carolina, and South Carolina will be hit hardest, with annual increases exceeding $500. Senior analyst Dan O'Brien noted that cutting these rules would specifically hurt residents in those states and push up consumer prices by removing the legal backing for federal tailpipe standards.

The White House dismissed the analysis as fraudulent and partisan. Administration officials assert that the American energy dominance strategy, which focuses on expanding fossil fuel and nuclear production, will strengthen grid reliability and lower prices for consumers.