Consumers are unlikely to see any relief in gas and electric bills as utilities proposed more than $18 billion in rate hikes across the country over the first half of the year, according to a newly released report. (Photo by Dave Cummings/New Hampshire Bulletin)
Consumers are facing escalating energy costs as utilities nationwide proposed more than $18 billion in rate hikes during the first half of the year. A report by PowerLines reveals $9.2 billion in cumulative rate increases were requested in the second quarter alone, potentially impacting over 56 million U.S. customers.
Southern states lead in proposed rate increases, totaling $4.5 billion across 26 million customers. In the Midwest, utilities seek $2.7 billion affecting 14 million customers, while Western customers face $1.5 billion in requests. Most Americans rely on state-regulated utilities, which must get approval for price changes from state boards.
As electricity bills continue to rise, with one in six U.S. households behind on payments, public outcry is growing. State regulators are considering rate freezes and additional energy assistance funds. Regulators often approve lower rates than requested, but PowerLines notes outright rejections are rare. In 2025, only two of 83 requests were denied.
Since 2021, requests for utility rate hikes have accelerated. Texas-based Oncor leads with a $1.2 billion request, part of a five-year investment plan. Dominion Energy in Virginia seeks $1.5 billion, including $1.1 billion for unrecovered fuel costs. Michigan’s DTE Energy and Consumers Energy each propose $500 million in rate increases.
The Edison Electric Institute emphasizes the need for reliable and affordable energy, advocating for permitting reforms to alleviate bureaucratic costs. Drew Maloney, CEO, acknowledges energy costs as a key concern for consumers, noting members offer programs for bill relief.
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