Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Energy

Electricity Prices Went Up In April — But Not Because of Iran

The cost of electricity goes up like clockwork.

A spring price surge.
Heatmap Illustration/Getty Images

Electricity prices continued to climb higher in April, according to Heatmap and MIT’s Electricity Price Hub. Prices in April 2026 were 6.7% higher, on average, than the same month the previous year. The 12-month trailing average, a measure that smooths out seasonal fluctuations in rates, was up 6.5% from a year ago.

While both of these stats represent new peaks — as is almost always the case with electricity prices over time — the overall growth in prices in April was not unusual. National average electricity prices have been increasing at a similar rate this year as they have during the past five years, with the exception of 2022, when there was a significant spike in the cost of natural gas. Natural gas plants generate the largest proportion of U.S. power, and the cost of the fuel has an outsized influence on our electricity prices.

heatmap.news

Although Trump’s war with Iran has inflated gasoline prices and the cost of other crude oil-based products, perhaps counterintuitively, it has not had any effect on U.S. power prices. Unlike in Europe and Asia, where the Iran war has led to natural gas shortages and price spikes, the U.S. is mostly self-sufficient when it comes to natural gas. The only way the war would affect our power prices is if it led to an increase in exports, tightening our domestic supply. That’s not possible any time soon — our export facilities are already at max capacity. “We couldn't export more gas, even if we wanted to,” Ryan Kellogg, an energy economist at the University of Chicago, told me.

The picture of what’s happening with U.S. electricity prices changes again, however, when we zoom in to the state level. Even though the national average growth rate is comparable to the past several years, there are a handful of individual states that are seeing much more rapid increases.

New Jersey and Washington, D.C., for instance, saw 21% and 25% increases, respectively, in their 12-month trailing averages between May 2025 and April 2026, compared to a national average increase of 6%. These areas are seeing more rapid growth due to the strained dynamics in PJM, the electricity market they are a part of, where electricity demand is outpacing supply.

The new April data also shows how sometimes electricity prices undergo big fluctuations for more arbitrary, and ultimately temporary reasons. In California, for example, rates were about the same over the first three months of this year as the same months in 2025, but in April they were more than 50% higher. That’s because last year, Californians received a big bill credit in the month of April — a sort of dividend from the state’s carbon tax. For this year, regulators voted to shift that payment to August, when residents’ electricity bills are typically higher due to air conditioning.

Similarly, one of the largest month-to-month price spikes in the data set was in Massachusetts, where the utility Eversource’s electric rates jumped 36% between March and April. The utility had agreed to artificially lower its rates in February and March after the governor asked for rate relief during the winter months. In April, rates sprang back up.

That’s why the 12-month trailing average is a helpful metric — it can be deceiving to look at how much rates and bills change on a monthly basis.

Green

You’re out of free articles.

Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Electric Vehicles

Charging Reliability Is the Forgotten EV Stat

Like gas stations, electric car chargers just have to work.

Charging a Rivian.
Heatmap Illustration/Rivian, Getty Images

About 14% of American EV drivers experienced a charging fail last year — that is, they stopped somewhere expecting to charge and just couldn’t get the electrons to flow. That number is headed in the right direction, down from 19% just a year prior. Yet it demonstrates how far we have to go. Just imagine the collective rage if it were a yearly occurrence that one in seven gas car drivers pulled into a service station — maybe the only one for miles — and couldn’t get the pumps to work.

For an electrifying nation, it’s not enough to look at the map of high-speed chargers and see enough dots to get you from place to place. Drivers, especially those considering their first try with an EV, need to believe those plugs are going to work seamlessly and without drama. That makes charger uptime the new competition for America’s high-speed charging providers and a crucial concern for carmakers trying to sell electric cars to a still-skeptical general public.

Keep reading...Show less
Green
Climate Tech

America’s Most Hyped Induction Stove Startups Are Suing Each Other

Copper and Impulse Labs have taken their patent fight to court.

Stoves fighting.
Heatmap Illustration/Getty Images, Copper, Impulse

There’s drama in the niche world of battery-powered induction stoves. The two leading companies in the category — Copper and Impulse Labs — are now suing each other, with Copper accusing Impulse of patent infringement and Impulse hitting back with allegations of false advertising.

The dispute formally began in early April, when Copper filed suit against Impulse for willful patent infringement, alleging that its rival not only copied Copper’s proprietary battery-integration technology, but did so knowingly. Both companies sell high-end induction stoves with built-in batteries, a design that allows them to plug directly into standard 120-volt household outlets — the same kind you would use to charge a phone or operate a toaster — rather than the less common 240-volt outlets that electric and induction stoves typically require. That helps customers avoid expensive electrical upgrades that could add thousands to the installation process while also equipping them with a stove that can run off battery power during a power outage.

Keep reading...Show less
AM Briefing

Crude Logic

On permitting reform, Japanese rare earths, and Rolls-Royce nuclear

A petrol station.
Heatmap Illustration/Getty Images

Current conditions: Portland, Oregon, just broke a 60-year heat record yesterday, with temperatures topping 95 degrees Fahrenheit • The South Fork Fire in Nebraska's Panhandle has now scorched nearly 40,000 acres • Winds of up to 45 miles per hour are whipping half of Vanuatu’s six provinces.


THE TOP FIVE

1. Oil prices plunge after Trump unveils ceasefire with Iran

The price of crude fell to its lowest level in three months Monday after President Donald Trump announced the bones of a ceasefire agreement to end the war with Iran and reopen the Strait of Hormuz. In response to Sunday evening’s news of a memorandum of understanding, which New York Times reporter David Sanger called “more like a table of contents” on yesterday’s episode of “The Daily,” oil prices dropped by nearly 5% on the main European benchmark. Murban crude, the index used for oil coming out of the United Arab Emirates’ biggest port, plunged by 7%.

Keep reading...Show less
Green