New reports say White House officials are in panic mode as U. S. electricity prices surge. The spike comes right after Trump axed billions in energy subsidies that kept costs down for American families.

Multiple sources confirm a significant increase in U.S. Electricity prices in recent years, with prices reaching levels not seen since the 1990s when adjusted for inflation.eenews.neteenews.netElectricity prices are spiking. That’s a problem for Trumptheguardian.comtheguardian.comTrump promised to lower energy costs – his tax bill will raise them for people... This surge is described as a problem politically for former President Trump and is impacting American households financially.

The Trump administration officially ended subsidies for what it described as "unreliable, foreign-controlled energy sources" via an executive order in mid-2025.whitehouse.govwhitehouse.govFact Sheet: President Donald J. Trump Ends Market Distorting Subsidies for... This action is confirmed and represents a removal of billions in subsidies that previously supported certain energy sectors.

Several sources link the removal of these subsidies and other Trump administration policies, such as tariffs and rollbacks on green energy development, to increased electricity costs. For example, The Guardian reports a 10% increase in household electricity bills tied to these policies and notes canceled or delayed energy projects.theguardian.comtheguardian.comTrump tariffs and green energy rollbacks push household electricity bills up 10% Similarly, Senator Warren and colleagues pressed Trump officials on rising prices, citing an estimated $280 annual increase per household over the next decade.warren.senate.govwarren.senate.govWarren, Markey, Merkley, Whitehouse Press Top Trump Officials on Rising...

However, there is disagreement about the causes of the price increases. Trump and his Energy Secretary blame factors such as Democratic policies or renewable energy mandates, while experts and other reports suggest that demand increases (e.g., from AI data centers) and market dynamics also play significant roles.apnews.comapnews.comTrump blames renewable energy for rising electricity prices. Experts point...politico.compolitico.comTrump Energy secretary: ‘We’re going to get blamed’ for rising power prices —...+1 more

The claim that White House officials are in "panic mode" is not directly substantiated by the sources; no explicit reporting confirms internal panic but political pressure and criticism are evident.