Americans should brace for steep winter power bills as demand for natural gas has spiked globally, according to the Federal Energy Regulatory Commission. POLITICO’s Catherine Morehouse breaks down why the Biden administration has limited options to lower those bills. Plus, the state of Missouri loses its challenge to President Joe Biden’s social cost of carbon.

Josh Siegel is an energy reporter for POLITICO.

Catherine Morehouse is an energy reporter for POLITICO.

Nirmal Mulaikal is a POLITICO audio host-producer.

Raghu Manavalan is a senior editor for POLITICO audio.

Jenny Ament is the executive producer of POLITICO’s audio department.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Why Americans will pay more for power this winter