Vice President Kamala Harris claimed on Wednesday that the Biden administration has decreased electricity prices for American families even as data indicate the exact opposite.
Harris remarked during a speech at Bowie State University in Maryland that efforts from the White House to lower costs have translated to lower power bills. “For working families,” she said, “we have reduced heating and electricity bills so folks have more money in their pocket to buy things like school supplies, replace the dishwasher, or take a family vacation.”
The national average cost of electricity has nevertheless increased from $0.136 per kilowatt-hour in January 2021 to $0.168 per kilowatt-hour in January 2023, according to data from the Bureau of Labor Statistics, constituting a 24% increase over the two years since President Joe Biden assumed office. Electricity costs had remained relatively stable for the previous decade, never exceeding $0.150 per kilowatt-hour until March 2022.
Power costs…
