Critics of former President Donald Trump often claim he is lying. Much of the time, however, the critics fail to recognize he is simply using hyperbole to highlight the problems Democrats and establishment Republicans are causing across our country.
Sunday night, Trump was at it again during his campaign rally at New York’s Madison Square Garden. He told the crowd, “We will achieve energy independence … We’re gonna drill, baby, drill. And I will terminate the green new scam and will cut your energy prices in half, 50 percent, within one year from Jan. 20.”
Trump was not spreading fake news. During the first three years of the Biden-Harris administration, electricity prices nationwide have skyrocketed. There is hope for major reductions in energy prices — if American politicians will repent of their support for renewable energy.
As I show in a new study by the Energy Alliance, wholesale electricity prices increased 72 percent during the first three years of the Biden-Harris administration. The energy prices for the seven U.S. independent regional service areas averaged $70 per megawatt hour during that period, up from $41 from 2018 to 2020.
Texas had the highest average wholesale price, the price paid by electric retailers — at $117 over the last three years. It also had the highest three-year increase at 208 percent. California and New York had the next highest increases. All these states have heavily promoted and subsidized renewable energy.
Using data from the U.S. Energy Information Administration, our study found that
