Energy executives and a federal regulator told industry leaders Thursday that relief is coming for Americans facing rising electricity bills. The comments came during a CERAWeek panel in Houston focused on affordability as electricity costs have become a top political concern for Democrats.

Electricity rates have spiked across much of the country over the past year, creating pressure on utilities and regulators to address consumer anger. The issue has become central to political debates about cost of living, with officials scrambling to demonstrate progress on bringing down costs.