This story originally appeared on Vox and is part of the Climate Desk collaboration.
Like most Americans this month, your most recent power bill may have given you a shock. Residential electricity rates have risen fast across the US—more than 30 percent on average since 2020 and almost double the rate of inflation in the past year—with no end in sight.
Source: Federal Reserve Bank of St. Louis
Chart: Umair Irfan
It’s not great for anyone’s budget, whether you’re a renter or an industrialist. High electricity prices ripple beyond consumers and throughout the whole economy, disrupting manufacturing, construction, transportation, and