Trump promised to cut consumers’ energy costs within his first year in office but gas price is up 4% on average
Americans using gas stoves to cook during the holidays, or any other meal in the near future, are set for persistently higher bills, with the price of gas expected to keep rising into next year.
US households will pay 4% more for gas power this year, on average, compared with 2024, with the industrial and power plant sectors experiencing a much higher price rise, a recent analysis from the US Energy Information Administration (EIA) has found.
The cost of gas piped into people’s homes rose by 11.7% in September, compared with a year previously, a higher rate of inflation than in any other area measured by the federal government, such as food, medical care and clothing.
Efficient in what way?
A combined cycle natural gas power plant can get about 60% efficiency, and induction is usually above 90% efficiency. Even with some transmission efficiency reduction, you should still get over 50%+ total efficiency.
A gas stove on the other hand is only about 30-40% efficient.
Per unit of gas, it’s more efficient to use induction in that case.