Public Trust Tracker

PRM-010 · Promise · Prices & economy

Cut energy and electricity prices in half within 12 months

Broken

Promised as a candidate on 14 Aug 2024; due 20 Jul 2026. Last checked 18 Oct 2026.

“My goal will be to cut your energy costs in half within 12 months after taking office. We can do that.”

Donald Trump, 14 Aug 2024, Rally, Asheville, N.C.; repeated in York, Pa. and Indiana, Pa.

What happened

Both the 12-month and 18-month deadlines passed. Household electricity costs about 9% more per kilowatt-hour than in January 2025, and gasoline is far higher since the Iran war.

Average electricity price

17.9¢/kWhJan 2025 → 19.6¢/kWhSep 2026

Source: BLS average price via FRED

Sources

  1. Original statement
  2. NBC News, Sept 2024
  3. FRED, electricity price
  4. NPR, Jan 20 2026
  5. PolitiFact promise page

Cite this promise

Public Trust Tracker. "Cut energy and electricity prices in half within 12 months" (PRM-010). Last checked 18 Oct 2026. https://publictrusttracker.org/promise/prm-010-cut-energy-and-electricity-prices-in-half-within-12-months/

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