Will Administration's New Tax Law Raise US Power Bills
The Trump administration's recently signed "One Big Beautiful Bill Act" is expected to significantly impact electricity bills across the US. The law ends tax incentives for wind and solar projects and is expected to drive up electricity bills across the U.S., according to a nonpartisan think tank. The legislation eliminates renewable energy tax credits while maintaining support for traditional energy sources, potentially shifting the cost burden to consumers and affecting the competitive landscape of power generation. Source: ft.com