If you noticed your utility bill has gone up this summer, you're not alone. On average, electricity costs are 5.5% higher today than they were a year ago, according to the latest federal data , and natural gas is up 13.8%.

Nearly 60 utility companies are set to increase electricity rates this year by more than $38 billion, affecting more than 57 million Americans, according to analysis from the Center for American Progress , a liberal think tank.

President Trump recently commented on the rising prices, blaming them on renewable power. He wrote on Truth Social that renewables were "THE SCAM OF THE CENTURY!" And he vowed he would not approve wind and solar projects.

But higher rates are largely a result of higher demand, and that's being driven by the rapid expansion of artifici

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