Australia just figured out how to offer electricity cheaper. Why can’t the U.S.?

Electricity prices keep rising in the U.S. Last year, home electric bills surged at more than twice the rate of inflation. By 2030, by one estimate, residential electricity prices in some areas could be as much as 40% higher than they were in 2025. At least one in three American households struggle to pay energy bills. But the opposite is happening in Australia. Over the past 12 months, wholesale electricity prices dropped nearly in half. And millions of consumers can now sign up for three ho...