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The U.S. is facing an alarming trend in 2025, and it is now slowing down: the rising cost of electricity. Global electricity demand is expected to grow by 4% throughout the year 2025, according to the International Energy Agency (IEA). This increase is driven by factors such as increasing demand for electricity to power artificial intelligence and expansion of industrial activities. Here’s what you need to know about the continuously rising electricity bills. 

Prices will continue to rise throughout the rest of the year, due to the impact of growing demand and also a lack of supply. Specifically, throughout regions that depend on PJM (Pennsylvania - New Jersey - Maryland) which is the government agency that oversees the countries' electricity transmission. The areas dependent on PJM spread across many states including most of the New England region as well as Illinois, Indiana, Ohio, Michigan, and others. PJM has estimated that their prices could rise to 10x more than the previous year due to growing demand.  

Natural gas prices are also rising, estimated to grow 44% within the next year. Several factors are contributing to this such as the growing demand for natural gas for power generation. This increase in natural gas will likely have a large impact on businesses.  Solar energy provides an opportunity to stabilize your energy costs as well as reduce your reliance on fluctuating energy sources.

Read more about the rise of energy prices here: Energy Prices 2025: US & Global Market Forecast | Diversegy 

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