The “One Big Beautiful Bill,” the spending package recently signed by U.S. President Donald Trump, is expected to drive up utility bills over the next decade, with Missouri currently projected to see the highest increases in the nation.

The One Big Beautiful Bill, a federal budget reconciliation act signed by President Donald Trump on July 4, 2025, has been the subject of significant debate regarding its long-term economic impacts. Early forecasts circulated in 2025 suggested that the bill's energy provisions, particularly the removal of federal tax incentives for renewable energy and new incentives for fossil fuel generation, would lead to higher electricity and natural gas costs across the country.

Specific models referenced by various advocacy groups and media outlets suggested at the time that Missouri could see some of the nation's most substantial increases in utility bills.bipartisanpolicy.orgbipartisanpolicy.orgWhat Does the One Big Beautiful Bill CostThe "One Big Beautiful Bill" (often referred to as the OBBB) is a federal budget reconciliation act that was signed into law by U.S. President Donald Trump on July 4, 2025 The legislation was a sweeping tax and spending package that...sgo.orgsgo.orgPresident Trump Signs the One Big Beautiful Bill ActThe legislation was a sweeping tax and spending package that addressed multiple policy areas, including the extension of tax cuts originally enacted in the 2017 Tax Cuts and Jobs Act, border security, defense funding, and adjustments to...+3 more However, attributing these projected spikes exclusively to the legislation lacks conclusive evidence as of September 2026. While the loss of renewable tax credits and shifts in energy policy remain factors in regional price projections, recent economic assessments indicate that electricity costs are being driven by a complex array of variables.

Current data highlights that widespread increases in utility bills are influenced significantly by rising energy demand from emerging technologies, such as artificial intelligence data centers, as well as necessary infrastructure investments and evolving state-level energy policies.americanprogress.orgamericanprogress.orgResidents of 49 States and Washington D C Face Increasing Electric and Natural...Reports circulated in 2025 citing forecasts that the bill’s energy provisions—specifically those incentivizing fossil fuel generation while removing federal tax incentives for renewable energy—would lead to significant increases in...kiplinger.comkiplinger.comStates Facing Largest Electricity Bill IncreasesAs of 2026, many states, including Missouri, have faced challenges with rising electricity prices due to a combination of factors, such as increased energy demand from AI data centers, infrastructure investment costs, and evolving federal...+1 more