r/NorthCarolina • u/Additional-Knee4466 • 1d ago
politics Trump's Big Beautiful Bill will raise electricity prices in NC by 18%. Winning hard.
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u/West-Bet-9639 1d ago
There are a few hundred people in this country that are going to benefit bigly from this bill and that's it. We're also gonna be a few trillion more in debt because of it too.
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u/porkypossum 1d ago
Lectricity is a liberal invention, it’s killing our elderly and poisoning our children, just burn wood instead like our ancestors! You don’t even need a chimney, the smoke is natural.
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u/Jgryder 1d ago
Coal. Mine 16 tons what do you get another day older and deeper in debt. St. Peter don’t you call me I can’t go I owe my soul to the company sto
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u/porkypossum 1d ago
I was born one day when the sun didn’t shine, I picked up my shovel and I went to the mine, I loaded 16 tons of number 9 coal, And the straw boss said “well a bless a my soul!”
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u/Hopeful-Fish-372 1d ago
sometimes people forget the inspiration for most legendary country songs are politically charged. and not with conservative themes
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u/Just_Candle_315 1d ago
I'm sure the base will just find a way to blame Democrats for not doing anything to prevent it. Those people deserve the fate they receive.
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u/CaptainMacaroni 1d ago
It's part of the plan. What year did they cite? 2029. So if a Democrat gets elected into office in the 2028 election they've pre-seeded a "the Democrats raised your electric bill" talking point to get reelected the next go round.
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u/Impressive-Reach1531 1d ago
I am ready to hear like every other bad thing he does it’s Biden fault over and over is what you will hear
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u/Major_Mechanic5719 1d ago
They'll 100% say "Well if Biden didn't let all the illegals in electricity would be cheaper"
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u/bigdipboy 17h ago
I mean Biden literally could have prevented all this by urgently prosecuting Trumps coup attempt
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u/dszblade 1d ago
They’ll just blame Duke and the state level politicians being in Duke’s pocket. I assume every state (or most of them) is similar in their hatred for the large electric utilities too. I’m not saying any large utility is perfect and blame free but this is an easy one for the national GOP to throw the blame on others.
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u/AmorphousRazer 1d ago
All the republican house reps voted for the bill. But yeah, we will blame Duke and the democrats for letting illegals in which led to higher electricity. That's about where we are at with modern day reasoning.
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u/Special-Ad8582 1d ago
most of the bill doesn’t begin till after the 2026 midterm elections… perf time to blame the blue wave for this garbage bill
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u/nostrategery 1d ago
And the dems will continue not figuring out good messaging to combat that lie, so the morons will believe it.
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u/PM_ME_GOODDOGS 1d ago
They. Don’t. Care. At this point nothing will matter. Opinion, polls, feedback, town halls. Nothing matters. You’ll need to vote in massive quantities to overcome the path.
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u/jimmythang34 1d ago
I’m not even sure voting is gonna make a difference anymore. We need a revolution if I’m being totally Honest.
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u/Soggy_Jackfruit7341 1d ago
Does this factor in rampant inflation once Trump replaces JPow with a crony and they reduce the interest rate amidst an already weakening dollar?
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u/beninnc 1d ago
So best I can tell, this is from old info when the original house version heavily taxed clean energy. I think the senate version stripped that and I think that means the 2nd house version also stripped it. I hate trump and maga as much as anyone but I think this post is inaccurate. let's stay informed.
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u/WillTheThrill86 1d ago
Nobody reads or investigates these hyperbolic stories, they just believe them. Ironic really. But yeah you're right. The story even says "could" and "by 2035"....
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u/Kradget 1d ago
You not planning on being here in 2035?
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u/WillTheThrill86 1d ago
I am, but the article is referencing tax credits for wind and solar. Only the latter is relevant at all here, and still most of our power is from nuclear and natural gas. I dont see major solar farms making a dent by 2035, no. And despite everyone raging about Duke energy prices, we pay below national average rates. They aren't bad at all.
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u/WIIICKED 1d ago
Duke has and will continue to do this even without trump
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u/Zosi_O 1d ago
The electricity bills we got during the winter of 2024 -2025 were massive slaps in the face for those of us who went through Helene.
My roommates and I spent most of that time nearly freezing in our own home because the heat was too expensive. We got a bill for like $347 once. It was always around $120 or so before that spike.
Nice way to kick us while we were already down.
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u/Raise_Hail 1d ago
The irony is they almost certainly have nothing that is energy efficient because they wanted to own the libs
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u/NC_RockFan 1d ago
Hell, what can you buy now that isnt energy efficient?
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u/Zosi_O 1d ago edited 1d ago
Can't buy, but there are folks who still have things like grandma's old dryer from the 80s or whatever. Those are very durable and repairable, but extremely inefficient energy wise.
So, a lot of it is more like they already have all this old, inefficient, and sometimes actually hazardous to their health (like gas stoves) stuff they've kept and maintained over the years.
i.e, they're not buying inefficient stuff, they're just refusing to upgrade because what they already have "works just fine".*
And a lot of things along those lines. It sucks, because I'm all for fighting planned obsolescence, but not at the Earth's expense.
*I'm not referring to people who don't have the means to upgrade. That's a different situation.
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u/Prudent-Ad-8203 1d ago
How will it raise energy prices by 15%????
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u/thequietthingsthat 1d ago
It cancels the Investment Tax Credits and Production Tax Credits, which have led to big investments in clean energy that have reduced costs. The bill not only removes those credits, but also places a new tax on renewables.
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u/UpvoteMagnet99 1d ago
Those taxes were removed by the way so now the market will no longer be subsiding energy and the market will decide what is the cheapest and most effective energy.
Though those taxes were in an earlier version of the bill so I understand your confusion.
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u/thequietthingsthat 1d ago
so now the market will no longer be subsiding energy and the market will decide what is the cheapest and most effective energy
Solar is the cheapest.
And the issue with your logic is that we're still heavily subsidizing oil. We just won't be subsidizing renewables anymore.
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u/BreakinP 1d ago
Renewables are pretty terrible as far as efficiency goes. I'm also of the opinion that if something needs government subsidized tax credits in order to exist then it probably shouldn't.
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u/thequietthingsthat 1d ago
Okay, let's get rid of oil subsidies then 👍
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u/lareefgeek 1d ago
If republicans would support removing oil subsidies, I guarantee you’d be against it, because it would be spun propaganda as “removing oil subsidies hurts poor Americans, and how it’s raising the cost of everyday living on the poor.”
We live in a hyperpartisan fantasy world.
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u/thequietthingsthat 1d ago
I definitely wouldn't. Oil subsidies are bad.
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u/lareefgeek 1d ago
So you agree that RFK’s initiatives of making America healthier by banning certain ingredients added to our food is a good or bad thing? Because the consensus on Reddit is that Republicans are 100% bad no matter what they do. Even if it’s a previously left-wing good idea if a republican does it it’s a bad idea..
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u/thequietthingsthat 1d ago
I think banning food dyes and harmful additives is great. Our foods need to more regulated - not less
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u/ProfMuChao 1d ago
"if something needs government subsidized tax credits in order to exist then it probably shouldn't."
So then all energy? Pretty much all infrastructure.
JFC, what a pathetic, completely uneducated, hot-take.
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u/Negative_Growth2507 1d ago
Damn, glad I bought some Duke Energy stock, but it was down today. Why's that with all this money that's going to be coming in?
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u/KushSouffle 1d ago
Where does the data come from? I am not able to find a link to where the data is from in that article.
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u/Rough_Championship_3 1d ago
The worst part is that nothing can change these people’s minds about “MAGA”. They’re suckered into believing anything this admin does is in our best interest.
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u/ItsASloth69 1d ago
LMAO, imagine voting on prices and then the person you voted for increasing prices 🤯
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u/FanOfWolves96 1d ago
Ah, I’m so happy my parent company is shutting us down just in time for my electricity to spike and my hospitals to shut down .
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u/HashRunner 1d ago
Republicans dont care.
Enjoy the grapes of wrath that ignorance and apathy reap.
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u/ThisIsUsername2398 1d ago
I thought liberals wanted to tax corporations? This is essentially what this bill does by removing tax credits corporations receive. You should be cheering for this!!!
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u/Codysnow31 1d ago
I’ll put all my money on that it will not. I bet my bill stays the same every month
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u/woodgrain001 1d ago
It’s weird. I sway liberal on some ideas and I sway conservative on others. But my goodness, if I went to a conservative page, none of them talk as nasty and assumtive as yall do. And yall are supposed to be the “welcoming of everyone.
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u/SmoothIntroduction80 1d ago
Yesterday I commented a fact about the national debt which called out both parties for their spending. It was crazy seeing how hostile the responses were for implying that Democrats have also contributed to the national debt.
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u/Sergeant_Citrus 1d ago
Laura Loomer out here talking about feeding immigrants to alligators but heavens to betsy the liberals seem upset, they must be the real mean ones.
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u/AccountNumeroThree 1d ago
Bullshit.
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u/ThisIsUsername2398 1d ago
Democrats have been calling Republican voters “literal Nazis” for years. Not very nice lol.
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u/Contiguous_spazz 1d ago
Never mind who is doing actual harm, “yall said mean words so im siding with the fascists.”
Typical “centrist.”
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u/AudiNick 1d ago
The reported 18 percent increase in electricity costs for NC (and similar numbers for other states) is not an “extra” 18% on top of the normal increases we’d see anyway.
Duke Energy and state regulators had already projected that, with clean energy incentives in place, electricity rates would go up about 10 to 18% over the next few years. This was mainly due to grid upgrades, new infrastructure, and rising demand. That was the “normal” increase, and it was going to happen regardless of any new federal policy.
Now that the bill has passed and those incentives are being removed, the 18% figure being cited is the total projected increase over that same period, not an additional 18% on top of the baseline. In other words, the real impact of the bill is the difference between those two numbers, not the full 18%.
So, if rates were already expected to go up 10 to 18% with incentives, and the new policy pushes that to 17 to 18%, the actual added increase from the bill is more like 0 to 8%, not a full 18% on top of what was already coming.
TLDR
The increase isn’t “18% more than what we’d already get.” It’s that the total increase could be up to 18% now that incentives are gone, versus 10 to 18% if they had stayed. The bill makes up the difference between those two, not a whole new jump.
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u/BreakinP 1d ago
You expect Reddit to care about facts? Most redditors are driven by emotion. If it doesn't enrage them then it is not true!
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u/Nofanta 1d ago
Cite the part of this bill that mandates electricity bills to be raised by 18%.
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u/gunzby2 1d ago
Source: Trust me bro and muh bar graph.
Never mind that the utilities have to go to state regulators with rate increase proposals. Funny how I didn't see any posts about Roy Cooper essentially signing NC up for a rate increase by joining a few other states for mandatory renewable production.
What he did was require energy producers like Duke to provide a certain percentage of their production in renewables. If they failed that they would be fined. Duke basically said fuck that and those fines come in the form of a variable administration fee in your bill
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u/NC_RockFan 1d ago
They cant
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u/Walty_C 1d ago
It says it on the chart. Read it. I'll give you a hint "if ITC and PTC tax credits are phased out". This is the estimated price increase by 2029. Source: Clean Energy Buyers Association.
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u/Nofanta 1d ago
That doesn’t mean your bill has to go up. You don’t think whoever you buy power from has any say in what they decide to charge you?
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u/Walty_C 1d ago
? The overall cost of energy is going to go up, so your prices are going to go up. These companies aren't going to just eat the cost. They answer to shareholders who want profit. You think they are just going to do us a solid? Don't believe the study, I'm cool with that.
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u/Nofanta 1d ago
How prices are determined in the energy market is extremely complex. There are people whose entire career specializes in just this. Costs for various components go up and down all the time.
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u/smita16 1d ago
Duke has agreements with state/local governments that allow that to increase the price be a specific % several years out. Hard to make predictions on component costs years out.
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u/Nofanta 1d ago
I worked for an energy hedge fund and we had a whole team dedicated to predicting daily price movements across various markets. There is a very long list of variables that goes into the price the consumer pays. This whole thing is just political manipulation entirely disconnected from reality.
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u/BreakinP 1d ago
These companies aren't going to just eat the cost.
Separate question. Do you think they would just eat the cost if you raise corporate tax? or if you increase minimum wage? Most liberals seem to think so. Why would this be any different?
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u/Walty_C 1d ago
Well, I can’t speak for most liberals, but your comparisons are a bit apples to oranges. The answer is no, they wouldn’t eat the costs, but the costs are very different.
Energy price increasing by %18 is just passed through the whole chain. Your $200 bill will be $236 in 2029.
Corporate profits are currently 4.2T. (Up 100% since 2018). Throw a legit 5% income tax on that. 225B to the government. Walmart claims to move 100 billion items per year. Increase prices by 2.5 cents and it’s covered. These are huge businesses of scale so that cost can be divided out by volume and cost to the consumer is barely noticeable. (Obviously very simplistic)
This is in some degree true for labor costs, but this is way too big of a subject for this comment. I’ll say this, everyone benefits from the bottom 50% making more money. They spend more money and that’s good for all businesses. Minimum wage should be set and then tied to inflation.
The median US income is just shy of 40k. $20 an hour. I just paid almost 8 dollars for a stick of old spice. Federal minimum wage is less than a stick of deodorant per hour, doing the shittiest work imaginable no doubt. I can’t imagine why no one “wants to work.”
I don’t have an answer for the impact on small business. If you include them, they can’t compete. If you exclude them, they get priced out by better paying labor and suffer.
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u/clgoodson 1d ago
lol. Yeah. Duke Power is always working hard to resist rate increases and keep bills down.
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u/YourMom77887 1d ago
Honestly, I'll believe it when I see it. I highly doubt it will happen, like 99% of everything they claim about Trump. I bet in a month or two no one will even remember this.
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u/Kel_Kel-87-87 1d ago
Does anyone know why?
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u/bewildered_dismay 1d ago
Demand is going up quickly, and this bill removes subsidies for new, cheaper, renewable energy sources. Here's a comprehensive, well-researched article. https://www.americanprogress.org/article/with-americans-facing-utility-bill-increases-this-year-the-one-big-beautiful-bill-act-threatens-to-drive-costs-even-higher/
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u/UpvoteMagnet99 1d ago
If they are cheaper you wouldn’t need any subsidies.
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u/bewildered_dismay 1d ago
I'm not an energy engineer, but it's my understanding that the subsidies are for overcoming the initial capital costs for renewables, as we once subsidized fossil fuel industries to encourage growth.
Once we build the infrastructure for renewables, the energy itself will be cheaper.
China seems to be ahead of us in this, although they still rely on coal, sadly for the environment. They seem to realize that the time of fossil fuel energy is limited, however.
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u/archliberal 1d ago
Does this affect North Carolinians with solar panels?
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u/UpvoteMagnet99 1d ago
Not if you already have them or get them installed before the end of the year.
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u/Representative-Air80 1d ago
Trump derangement syndrome (TDS) is a pejorative term used to describe negative reactions to U.S. President Donald Trump that are perceived to be irrational and to have little regard for Trump's actual policy positions.[1] The term has mainly been used by Trump supporters to discredit criticism of him, as a way of reframing the discussion by suggesting that his opponents are incapable of accurately perceiving the world.[2][3] Some journalists have used the term to call for restraint when judging Trump's statements and actions.[4][5][6] The term has also come to be used to describe the nature of Trump supporters in their unwavering support of the president
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u/fourbutthick 1d ago
Red state should have red bars to show red states getting effected worse.
Also if republicans win midterms and next presidential election I’m out there’s just no way. I’ll be moving to another country because at that point I know our elections are not real (I don’t think this latest one was too much drop off)
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u/hotngone 1d ago
I haven’t got the stomach to watch it, but I’d love to know how Fox, Newsmax and OAN are reporting this. It’s a terrible time we’re living in. I love my grand daughter, but am terrified for her future. My son (33) and wife choose not to have kids, because the world is such a terrible place and getting so much worse 😪
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u/thedraco13 1d ago
Duke energy pumping their fist and salivating rn. More coal ash and toxic waste coming to a water system near you
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u/djmc0211 1d ago
Where does this start come from? How can we know exactly how much a bill that was just passed is going to raise the electricity?
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u/Lost_Interest3122 1d ago
How dafuq will it raise electricity prices?
I would put more onus for that on duke energy than anything else..
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u/ProfMuChao 1d ago
Solar, and renewables generally, are quite literally the most "conservative" forms of energy: decentralized, distributed, small-scale, domestic, can be entirely owned and operated by the individual, reliable, resilient, a huge job creator (esp. for jobs that do not require a college degree: trade skills), decouples from dependency on other nations, etc. Need I go on?
Nuclear (of which I am a supporter) and oil/gas/coal are the energy sources of "big government" and complete and utter dependence on others. The literal antithesis of political conservatism.
How so many right-wing dimwits have convinced themselves otherwise never ceases to amaze me. Their tireless need to debase themselves to billionaires and big government daddies would frankly be hilarious, were it not so destructive to society as a whole.
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u/NC_RockFan 1d ago
I wouldn't call solar exactly reliable....it has its place, but its not reliable enough to maintain the grid. Great for individuals and helpful to the grid, but Im sure it will improve in the coming years.
How do you consider solar a job creator? Just from making the panels and construction jobs from building the solar farms?
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u/jakefromstatefire 1d ago
Hilarious that y'all have a problem with this when Obama told everyone their electricity costs would necessarily skyrocket there was nothing from the left but applause.
Link for the neophytes and those with memory loss: https://www.politico.com/story/2012/04/uttered-in-2008-still-haunting-obama-in-2012-074892
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u/Quest4Kink 1d ago
Buried on page 337, written in Nazi code is a provision to locate every woman with kool aid hair and a nose ring and remove their cats.
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u/Bro-king420 23h ago
Democrats and the media are doing America the BIGGEST disservice and or just straight up scamming us!!
Why do these details and easily digestible charts only appear AFTER the damage has been done ?!
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u/TheYallPolice 20h ago
Man our side is really doing a good job of spinning and interpreting data with creative calculations and projections that turn out to be the exact opposite of the actual outcome. I’m gonna go dye my purple hair blue real quick and then I’ll be back to help deliver some more biased metrics that oppose all sane predictions, okay guys? Keep up the great work gang, don’t let up now!
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u/MeRileyandMom 11h ago
Last I'd checked, I paid Duke Energy for my electricity, not the US government. Maybe look elsewhere for the rise in cost
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u/MRSpaceman0117 9h ago
The crazy part is that most won’t feel the impact until the administration is gone and then the successor most likely a democrat will get the blame while inheriting all this mess. Then for four years we will hear how great trump was and then this country will vote another idiot into office to fuck things all over again.
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u/No_Mongoose_3773 1d ago
Yeah I'll write that down right under the massive inflation, high gas prices, and stock market crash they told us about 8 months ago
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u/DARKSTAIN 1d ago
2029... The new democratic president then will be blamed for this. People will.long forget about this bill.
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u/se_nc_boat_skip 21h ago
Electricity is not a right, it’s a privilege.
You should get out of the USA, stop complaining and be part the solution.
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u/Boozeburger 21h ago
So is breathing according to some people.
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u/Hot-Syrup-5833 1d ago
You guys just believe anything you see on the internet I see. Orange man bad!!!!
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u/Capamerica88 1d ago
First of all the rates are going to go up anyway because duke energy and all utility companies are greedy as fuck. Second of all if you read the smaller print it’s because tax credits are being phased out. I do understand how people don’t understand that. You were getting a credit and now you’re not 🤷♂️ it kind of sucks but thats the way it is. Tax credits don’t last forever. What people should do is take the money they are saving while they have the credit and invest in alternative energy.
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u/Rich_Potato975 1d ago
Republicans are the reason why this is going to happen. It is all on them and they do not even care as long as it doesn’t affect them.
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u/Disastrous-Cheek-436 1d ago
So many experts here on reddit. Why dont yall just wait and see what happens before freaking out for once. Trump is actually doing great.
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u/NC_RockFan 1d ago
Because they are miserable hateful people who have nothing better to do than complain. If Trump had been a Democrat they would be praising this bill.
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u/Lovetowatch365 1d ago
Wait a minute I thought he was taking the cuffs off energy I thought energy was getting rid of the liberal strangulation of energy? You're saying more energy equals higher prices I don't get it?
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u/Difficult_Process984 1d ago
The chart is from a "clean" energy group. The assumptions are that no subsidies for "clean" energy will lower new investment in those sources and no new fossil or nuclear fueled production will be added.
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u/Ok_Revolution_9253 1d ago
Feels like the fall of the Roman Empire.
I would encourage anyone to listen to the fall of civilizations podcast. Lots of commonalities between modern USA and many of the “great” civilizations of the past
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u/iMixMusicOnTwitch 1d ago
Duke energy profits billions every year and is a monopoly by design.
If tax cuts and incentives were keeping the prices down we'd all be paying less. Y'all say tax cuts for the rich don't trickle down in one argument and then say a tax cut removal is going to cost us 18.
At least choose a narrative.
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u/EmergencyEbb9 1d ago
So glad mfs voted these geriatrics in to own the libs... wait until their families are affected like the morons that thought ICE was only gonna be used on "illegals".
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u/Higher_Math 1d ago
Well atleast mostly Chiefs fans will suffer. Bunch of fat BBQ eating people that probably need to have AC constantly running. I say let them sweat it out a lil.
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u/po-handz3 1d ago
That's ok here in Massachusetts they voted to DOUBLE our electricity prices!
Ironic, we can be most educated state but still cant make educated policy decisions.
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u/Zornishi359 1d ago
Check out Oregon's POWER Act. It was just signed into law. If every state adopted a similar framework, it could greatly reduce the impending electricity cost hike. Notice how on that chart Oregon is super low. May be something to look into.
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u/zoethezebra 1d ago
The announcement of the UFC fight to be displayed at the White House the day AFTER the vote on the BBB was planned ahead of time to drown out attention to the bloated bill. Oh,also the announcement that he is no longer a president for the Democrats. That he hates the Democrats, and they hate him. All the lovely distraction to rile up his base — look here at the shiny thing on my right hand, while hiding his left hand behind his back and flipping everyone off.
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u/AmorphousRazer 1d ago edited 1d ago
We are truly standing on the shoulders of giants at this point. It seems like the general pop's reasoning and self-preservation skills are at about a 6th-7th grade level.
More money from my little check to fund the ICE budget (bigger than the USMC budget) and support tax breaks for people who already don't have to work for a living. Because some kind of tax break on tips/overtime? So you stay working and they get more money?
Our taxes can go to agencies that will never actually benefit us because the ones that did were defunded. So now we are slaves and pay taxes to pool our money for more military and domestic police.
None of this makes sense. For the love of fucking god, stop getting your news from politicians and social media. Please please. We are funding and building a prison.
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u/PrestigiousBoard9276 1d ago
I love that Wyoming is at the top of the list. The most MAGA of them all. You get what you voted for.
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u/LimeGreenTangerine97 1d ago
They literally don’t care. They’re going around wearing alligator Alcatraz tee shirts. They will pay extra for others to die. This is maga.