The jolt you get from opening your utility bill is an unwelcome reminder: Energy prices are still far higher than they were a few years ago.
In fact, energy prices are 70% higher today than they were in December 2019. And this winter, you can expect to spend more on energy than you did in previous years. That means some families will have to cut back elsewhere or dip into their savings to stay warm. Small businesses might be forced to raise prices to stay afloat.
The real culprit behind the hike in energy prices isn’t bad weather, but rather years of government intervention in the energy industry.
Rather than letting free markets work, policymakers have inserted Washington into nearly every stage of energy production.
Red tape has multiplied. Permitting has slowed, and added layers of bureaucracy now make it harder to produce.
The end result? Your life is more expensive.
Energy producers today face longer delays, higher compliance costs, and more uncertainty.
In many cases, projects that will bring thousands of jobs and help lower prices are stuck in regulatory limbo, taking years for approvals — if they’re approved at all.
These delays hurt consumers. When infrastructure can’t be built, and production can’t expand, supply falls behind demand. The result is higher prices for everyone.
America has the resources, technology, and talent needed to build enough energy projects to lower prices.
We only need to get the government out of the way.
Government subsidies make the problem worse. By picking winners and losers in the energy industry, Washington distorts competition and crowds out private investment.
The Biden administration gave billions of your tax dollars to well-connected green energy corporations while imposing regulations that hurt traditional energy sources.
These textbook examples of cronyism do nothing to make your life more affordable.
Taxpayers are forced to bankroll technologies that may not yet be capable of meeting demand, while proven, affordable energy sources face growing restrictions.
Consumers pay twice: once through their taxes, and again through higher energy bills.
If we want to lower energy prices — not just this winter, but for years to come — the solution is straightforward: get rid of the regulatory obstacles that are keeping the energy industry stuck.
Unleashing American energy means cutting unnecessary red tape, streamlining permitting, and ending corporate welfare disguised as energy policy.
It means allowing competition to increase supply, drive innovation, and reduce costs.
America doesn’t need more mandates or micromanagement. It needs a level playing field where energy producers can respond to demand and consumers can benefit from lower prices.
High energy prices aren’t inevitable. They’re the result of bad policy — and better choices can deliver better results.
Affordable, reliable energy is essential to a strong economy. When the government gets out of the way and lets Americans innovate and compete, energy costs fall, and prosperity grows.
Americans for Prosperity is working to roll back costly regulations, end market-distorting subsidies, and unleash American energy. These reforms put people — not politicians — back in charge of the economy.
That’s why we launched the Prosperity Is Possible campaign. We’re pushing for policies that roll back the barriers keeping many Americans from building a prosperous future for themselves.
Click here to learn how a better energy policy can help lower costs and expand opportunity.
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