President Donald Trump’s newly signed One Big Beautiful Bill Act is set to reshape the US energy landscape, introducing restrictions on renewable power investments and prioritizing upstream oil and gas. This shift could lead to higher power costs as the demand for artificial intelligence grows.
The bill represents a significant change in US energy markets, with Wood Mackenzie research noting that it will fundamentally alter the industry’s dynamics. The new law aims to increase focus on upstream oil and gas, while limiting growth in renewable energy sources.
Compared to previous administrations, Trump’s budget law appears to favor traditional energy sources over cleaner alternatives. This shift could have long-term implications for the US energy market, potentially affecting power costs and carbon emissions.
Source: https://www.marketwatch.com/story/why-cheaper-power-looks-unlikely-as-trumps-big-budget-law-reshuffles-the-u-s-energy-landscape-4c4cf07b