Millions of Americans struggling to keep lights on

• Now, as several states end pandemic-era moratoriums on shutting off power, households that continue to fall behind on their bills could see shutoffs.

What's happening: The average price for electricity was up about 15% last month, compared with July 2021. That's the steepest year-over-year price jump in electricity since 2006, per Bloomberg.

• The price spikes are far worse in Europe, where imported Russian natural gas is slowing to a trickle because of the war in Ukraine.

What's next: Expect electricity prices in the U.S. to climb even higher in the coming months, as Europe's energy crisis deepens, Axios climate and energy reporter Andrew Freedman notes.

Go deeper: Europe's soaring energy costs push leaders to consider major steps