Former President Donald Trump vowed that if elected in November, his administration would cut “energy and electricity prices” in half.
At a rally in Asheville, North Carolina, on Wednesday, Trump said: said He told the crowd that under Trump, the US would cut energy and electricity prices in half “within 12 months” – and up to 18 months.
“In contrast, I am announcing today that under my leadership, America will commit to the ambitious goal of cutting energy and electricity bills at least in half,” Trump said in his speech.
🚨 President Trump: Today, I am announcing that under my leadership, America will commit to the ambitious goal of cutting the price of energy and electricity at least in half.
Energy bills will be reduced by 50% to 70%. pic.twitter.com/tiiHA2RyXT
— Trump War Room (@TrumpWarRoom) August 14, 2024
“I’m going to cut the price in half within 12 months, max 18 months,” Trump added. “And if it doesn’t work out, I’ll say, ‘Oh, well, I voted for him.’ But we still got a good deal down. But we’re aiming to cut the price in half and we can do better. And I’ve delivered on everything I promised. Everything.”
President Trump predicted that energy bills would “drop between 50 and 70 percent.”
a Report According to a study released in July by S&P Global, electricity prices in the U.S. rose 21.9% between 2018 and 2023.
The states with the largest electricity rate increases were Maine, New Hampshire, Massachusetts, Connecticut and California.
In Maine, electricity rates increased 65.6 percent, in New Hampshire 51.3 percent, in Massachusetts 50.5 percent, in Connecticut 49 percent, and in California 47.8 percent.
