Why does the Iran war affect electricity?
40% of US electricity comes from natural gas. The Hormuz closure disrupted LNG shipments globally, driving up natural gas prices 40%, which directly increases electricity generation costs.
Which states will see the biggest electricity increases?
States most dependent on natural gas for electricity: Texas, Florida, Louisiana, and California will see the largest increases ($50-80/month). States with nuclear/hydro (Washington, Vermont) are less affected.