WAY Worse. Despite overwhelming evidence that Western States' water reservoirs will be depleted in a handful of years, Western states have done nothing to change the allocation paradigm or take preventative measures. Hint: California will no longer be able to grow avocados and almonds with water from basin transfers from other States. Most farming in the US uses practices the Babylonians would recognize (water wasteful). A LOT of water is lost every year from evaporation in reservoirs and open ditch irrigation.
As to power: I don't see power prices increasing long-term. Decentralized grids (grid with storage) are cheaper to maintain and take advantage of solar which is scalable (from single household to megawatt facilities). One would think Arizona of all places would have fully embraced a decentralized grid and solar. If people would pull their head out of their asses and build some nuclear power plants...but that is a big dream. In short, scalable and affordable technological solutions exist.
Prices will only increase if legislatures cave to special interests (or fight the culture warz) and continue to force people to use centralized grids supported by central power plants that utilize fossil fuels. Texas is a prime example of this.