As summer approaches, millions of Americans are bracing for higher electric bills.For many families already stretched by rising costs, that’s simply not sustainable.This isn’t just about hotter weather.
It’s about a fundamental imbalance in our energy system that is driving costs higher.Electricity demand is rising fast, driven by data centers, new manufacturing, population growth and the electrification of everything from vehicles to home heating.The United States is using more power in more ways than ever before, but we’re not building enough new generation to keep up.
Simply put, we need more supply.Across Exelon’s utilities, about 75% of recent bill increases are tied to the cost of generating electricity — the supply side of the equation — not delivering it.Those costs are set in wholesale markets and passed directly to customers.WHY AI IS CAUSING SUMMER ELECTRICITY BILLS TO SOARExelon’s utilities don’t benefit when those prices spike.
But customers still have to pay them.And when supply falls behind demand, the result is predictable: prices go up, volatility increases and American families pay the difference.America needs an all-of-the-above energy strategy that brings more power online quickly and responsibly.That means investing in energy storage, nuclear power, natural gas, renewables, new technology, energy efficiency and the transmission infrastructure needed to deliver it all.At Exelon, we see firsthand the pressure customers are under.We serve nearly 11 million Americans.
We hear from them when bills rise and share their frustrations.That’s why we launched the Exelon Promise, which includes a $60 million Customer Relief Fund and protections to help ensure large energy users don’t unfairly shift costs onto families and small businesses.
We’re also investing billions to strengthen the grid, improve reliability and prepare for continued growth in demand.But if we want to meaningfully lower energy bills across the country, we do...