TL;DR: there’s a lot in your electric bill besides fuel costs. Why your bill is going up depends on the specific circumstances where you are.
Lotta people making stuff up here. The answer really depends on where you are. Some examples is the U.S:
In California, energy is getting cheaper, but the part of your bill that goes to maintaining the local wires is going up.
In Texas, they’ve got a market that by design produces very high prices when power is short, and that ran up tens of billions of dollars during the big storm a few years ago.
In the Eastern U.S, some utilities have found a loophole where they can built or replace transmission lines without much oversight and pass costs plus a healthy profit on to ratepayers. There’s been a lot of that going on.
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