Us Electricity Prices Over Time

Consumption demand generation natural gas.

Us electricity prices over time.

This trend is unlikely to be disrupted in the future. Energy information administration eia collects analyzes and disseminates independent and impartial energy information to promote sound policymaking efficient markets and public understanding of energy and its interaction with the economy and the environment. Prices for electricity 1913 2020 100 according to the u s. Generating plants were nuclear plants.

Electricity generation from renewable energy sources rises from 17 in 2019 to 20 in 2020 and to 22 in 2021. The average electricity rate is 13 19 cents per kilowatt hour kwh. Bureau of labor statistics prices for electricity were 370 67 higher in 2020 versus 1913 a 370 67 difference in value. Price of 13 28 cents per kilowatt hour kwh increased 1 1 percent compared with the previous month.

The total bill is the sum of all items applicable to all consumers appearing on an electricity bill including but not limited to variable rates per kwh fixed costs taxes surcharges and credits. Natural gas prices are only likely to increase and as they do electricity rates will rise. The price you pay for electricity depends on numerous factors including but not limited to your location time of year consumption and market changes disruptions. June 2020 data the latest available show that the average u s.

Beginning in 1984 data are for a census of electric utilities. Between 1913 and 2020. The united states set record for daily natural gas power burn in late july. In 2021 the forecast natural gas share declines to 34 in response to higher natural gas prices.

If you live in louisiana you paid the lowest average residential electricity rates of any state in the country 9 50 cents per kwh. The average price a residential customer in the united states pays for electricity is 13 31 cents per kwh. The average price per kilowatt hour represents the total bill divided by the kilowatt hour usage. Retail residential electricity rates the amount you pay per kilowatt hour or kwh have risen across the nation about 15 over the last 10 years.

Coal s forecast share of electricity generation falls from 24 in 2019 to 20 in 2020 and then increases to 22 in 2021. Electricity experienced an average inflation rate of 1 46 per year. Beginning in 1996 data also include energy service providers selling to retail customers. Natural gas pipeline constraints can be a contributor to wholesale electricity price changes.

In 2019 9 of the top 10 u s. Learn about eia and energy department organizations that track energy prices and trends. Average price of electricity to ultimate customers by end use sector by state june 2020 and 2019 cents per kilowatthour. What s my current electric rate.