The push for electrification seems like it relies on us metaphorically drowning in excess cheap electricity and want somewhere for it to go but right now the opposite it happening.
Not really, natural gas has immense exposure to geopolitics and the commodity markets: https://www.iea.org/commentaries/what-drives-natural-gas-pri...
There’s also the argument to be made (this has manifested in other countries) that as gas usage wanes and more homes electrify, nat gas costs will increase as the infrastructure costs are spread among fewer and fewer people
This has kinda wonky incentives though - if your fixed costs for gas are high but your marginal costs remain low and for whatever logistical reasons you can't cut the gas connection entirely, then your motivations are to move as much of your heating load over to gas as possible.
AFAIK, the US has a mid-long outlook of gas oversupply. EU's market is broken and has 3x the price (c.f. Henry Hub v. TTF). I haven't seen any major forecasters predict reaching parity anytime soon. Hence, LNG export projects keep getting (over-)built to chase the arbitrage.
Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That's being passed on to customers: https://www.bloomberg.com/graphics/2025-ai-data-centers-elec...
Most likely most of the increase is just temporary though. Electricity supply will increase to meet the sudden and unpredictable increase in demand.
