The cost of electricity is having significant, negative effects on the working class and poor. And recent court and regulatory decisions are likely to make the situation much worse.
According to the U.S. Energy Information Administration, 21% of Americans reduce spending on basic necessities — like food, rent or medicine — at least one month every year in order to pay their electricity bills. This comes to 25 million households, including 7 million that must make this rough decision every month. Most have incomes of under $60,000 annually.
In fact, the situation is getting worse. The EIA’s study was from 2018, when the economy was much stronger than it is today. With many people staying at home due the pandemic,