Fuel Got Cheaper. Your Electric Bill Didn't. Here's Why

This spring, the natural gas that makes 40% of America's electricity got about 11% cheaper. Your electric bill went up anyway: home electricity is on track to be up about 5% this year and more than 30% since 2020. We read the bill line by line to find out why: the wires and poles that now get most of the new money, how your utility actually earns a profit, the PJM capacity auction that hit its price cap three times in a row, record-breaking demand and data centers, and why Hawaii's bills jumped while most of ours didn't feel the war.