“We will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months.”
The promise
Trump’s energy plan promised drastic cuts: within first 12 to 18 months, electricity and energy costs would be slashed by half for households and businesses. The plan assumed regulatory rollbacks, increased fossil fuel production, elimination of subsidies to renewables, and streamlined permitting to reduce costs. It argued that U.S. energy independence and scale economies would lead to lower bills nationwide. Critics warned that global oil/gas prices, infrastructure costs, and regulatory inertia would block such reductions. By mid-2025, energy prices remain high; supply chain constraints, extraction costs, grid modernization and environmental review delays have prevented such steep decline. The promise remains unfulfilled and under heavy scrutiny in Congress and media.
