Trump may hit 50% energy bill reduction goal by just keeping power prices stable

-President Donald Trump stated before last year’s election that he could reduce U.S. energy bills by 50% within a year. Travis Fisher of the Cato Institute suggests the current administration could do this by keeping current power prices stable.

-Fisher said that preventing projected price increases could be interpreted as meeting Trump’s target. He points to Biden administration policies as potential drivers of rising electricity rates.

-While policy changes may influence energy prices, Fisher noted that the federal government has limited control over electricity bills, making such a reduction difficult to achieve.