100+ datasets found
  1. Electricity retail prices in the U.S. 1990-2023

    • statista.com
    • flwrdeptvarieties.store
    Updated Jun 28, 2024
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    Statista (2024). Electricity retail prices in the U.S. 1990-2023 [Dataset]. https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/
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    Dataset updated
    Jun 28, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The retail price for electricity in the United States stood at an average of 12.72 U.S. dollar cents per kilowatt-hour in 2023. This is the highest figure reported in the indicated period. Nevertheless, the U.S. still has one of the lowest electricity prices worldwide. As a major producer of primary energy, energy prices are lower than in countries that are more reliant on imports or impose higher taxes. Electricity prices in the U.S. by consumer group On average, retail electricity prices in the U.S. grew by over 85 percent since the beginning of the century. However, not every sector has been affected equally by the said price increase. U.S. electricity prices for residential customers saw a much steeper increase in the period, while transportation prices increased by approximately 50 percent. Reasons for increases in electricity prices The rising prices are justified by the costs of power production and power grid maintenance. Although the production cost of electricity generated from coal, natural gas, and nuclear sources remained relatively stable, the integration of renewable energy sources, investments in smart grid technologies, growing peak demand, power blackouts caused by natural disasters, and the global energy crisis in 2022 continued to trouble the electric utility industry in recent years. Average U.S. electricity prices per state can also vary widely, with Hawaii residents experiencing some of the highest rates in the country.

  2. Average monthly electricity prices in United Kingdom 2013-2025

    • statista.com
    Updated Feb 17, 2025
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    Statista (2025). Average monthly electricity prices in United Kingdom 2013-2025 [Dataset]. https://www.statista.com/statistics/589765/average-electricity-prices-uk/
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    Dataset updated
    Feb 17, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2013 - Feb 2025
    Area covered
    United Kingdom
    Description

    In February 2025, electricity prices in the United Kingdom amounted to 143.37 British pounds per megawatt-hour, an increase on the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged 363.7 British pounds per megawatt-hour.
    Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

    … and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

  3. T

    Germany Electricity Price Data

    • tradingeconomics.com
    • ru.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Jan 13, 2025
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    TRADING ECONOMICS (2025). Germany Electricity Price Data [Dataset]. https://tradingeconomics.com/germany/electricity-price
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    xml, csv, json, excelAvailable download formats
    Dataset updated
    Jan 13, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 30, 2018 - Mar 25, 2025
    Area covered
    Germany
    Description

    Germany Electricity decreased 21.39 EUR/MWh or 18.48% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Germany Electricity Price.

  4. Annual Electricity Price by State

    • catalog.data.gov
    • datasets.ai
    • +1more
    Updated Jul 6, 2021
    + more versions
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    U.S. Energy Information Administration (2021). Annual Electricity Price by State [Dataset]. https://catalog.data.gov/dataset/annual-electricity-price-by-state
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    Dataset updated
    Jul 6, 2021
    Dataset provided by
    Energy Information Administrationhttp://www.eia.gov/
    Description

    Annual data on the average price of retail electricity to consumers. Data organized by U.S. state and by provider, i.e., total electric industry, full-service providers, restructured retail service providers, energy-only providers, and delivery-only service. Annual time series extend back to 1990. Based on Form EIA-861 data.

  5. Residential electricity price growth in the U.S. 2000-2025

    • statista.com
    Updated Oct 15, 2024
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    Statista (2024). Residential electricity price growth in the U.S. 2000-2025 [Dataset]. https://www.statista.com/statistics/201714/growth-in-us-residential-electricity-prices-since-2000/
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    Dataset updated
    Oct 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    Retail residential electricity prices in the United States have mostly risen over the last decades. In 2023, prices registered a year-over-year growth of 6.3 percent, the highest growth registered since the beginning of the century. Residential prices are projected to continue to grow by two percent in 2024. Drivers of electricity price growth The price of electricity is partially dependent on the various energy sources used for generation, such as coal, gas, oil, renewable energy, or nuclear. In the U.S., electricity prices are highly connected to natural gas prices. As the commodity is exposed to international markets that pay a higher rate, U.S. prices are also expected to rise, as it has been witnessed during the energy crisis in 2022. Electricity demand is also expected to increase, especially in regions that will likely require more heating or cooling as climate change impacts progress, driving up electricity prices. Which states pay the most for electricity? Electricity prices can vary greatly depending on both state and region. Hawaii has the highest electricity prices in the U.S., at roughly 43 U.S. cents per kilowatt-hour as of May 2023, due to the high costs of crude oil used to fuel the state’s electricity. In comparison, Idaho has one of the lowest retail rates. Much of the state’s energy is generated from hydroelectricity, which requires virtually no fuel. In addition, construction costs can be spread out over decades.

  6. T

    Spain Electricity Price Data

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +15more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    Spain Electricity Price Data [Dataset]. https://tradingeconomics.com/spain/electricity-price
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1998 - Mar 27, 2025
    Area covered
    Spain
    Description

    Spain Electricity decreased 81.27 EUR/MWh or 59.82% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Spain Electricity Price.

  7. T

    France Electricity Price Data

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    TRADING ECONOMICS (2023). France Electricity Price Data [Dataset]. https://tradingeconomics.com/france/electricity-price
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Nov 28, 2011 - Mar 26, 2025
    Area covered
    France
    Description

    France Electricity decreased 6.42 EUR/MWh or 9.19% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for France Electricity Price.

  8. e

    Available balancing energy prices per quarter hour in Belgium (Historical...

    • opendata.elia.be
    • external-elia.opendatasoft.com
    csv, excel, json
    Updated Jun 10, 2024
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    (2024). Available balancing energy prices per quarter hour in Belgium (Historical data as of 22/05/2024) [Dataset]. https://opendata.elia.be/explore/dataset/ods153/
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    json, excel, csvAvailable download formats
    Dataset updated
    Jun 10, 2024
    Area covered
    Belgium
    Description

    This report provides information on theprices of the balancing energy available in Belgium.The quarter-hourly volume is provided for each product category (if the product was actually used).This report contains the historical data and is refreshed daily.This dataset contains data from 22/05/2024 (MARI local go-live) on.

  9. d

    Energy Prices, Dollars per Million Btu: Beginning 1970.

    • datadiscoverystudio.org
    • data.ny.gov
    • +2more
    csv, json, rdf, xml
    Updated Jan 17, 2018
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    (2018). Energy Prices, Dollars per Million Btu: Beginning 1970. [Dataset]. http://datadiscoverystudio.org/geoportal/rest/metadata/item/ed05eee5a5944d37a3fa83e7de430ec7/html
    Explore at:
    rdf, xml, csv, jsonAvailable download formats
    Dataset updated
    Jan 17, 2018
    Description

    description: New York Energy Prices presents retail energy price data. Energy prices are provided by fuel type in nominal dollars per million Btu for the residential, commercial, industrial, and transportation sectors. This section includes a column in the price table displaying gross domestic product (GDP) price deflators for converting nominal (current year) dollars to constant (real) dollars. To convert nominal to constant dollars, divide the nominal energy price by the GDP price deflator for that particular year. Historical petroleum, electricity, coal, and natural gas prices were compiled primarily from the Energy Information Administration.; abstract: New York Energy Prices presents retail energy price data. Energy prices are provided by fuel type in nominal dollars per million Btu for the residential, commercial, industrial, and transportation sectors. This section includes a column in the price table displaying gross domestic product (GDP) price deflators for converting nominal (current year) dollars to constant (real) dollars. To convert nominal to constant dollars, divide the nominal energy price by the GDP price deflator for that particular year. Historical petroleum, electricity, coal, and natural gas prices were compiled primarily from the Energy Information Administration.

  10. T

    ELECTRICITY PRICE by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Sep 16, 2022
    + more versions
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    TRADING ECONOMICS (2022). ELECTRICITY PRICE by Country Dataset [Dataset]. https://tradingeconomics.com/country-list/electricity-price
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Sep 16, 2022
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    World
    Description

    This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  11. Electricity Prices, United States - Historical Prices & Forecasts – Free...

    • intratec.us
    csv, json, pdf
    Updated Jan 9, 2025
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    Intratec Solutions (2025). Electricity Prices, United States - Historical Prices & Forecasts – Free Previews Available [Dataset]. https://www.intratec.us/products/energy-price-references/commodity/electricity-price-united-states
    Explore at:
    csv, json, pdfAvailable download formats
    Dataset updated
    Jan 9, 2025
    Dataset provided by
    Intratec Solutions, LLC
    Authors
    Intratec Solutions
    License

    https://www.intratec.us/docs/legal/index.pdfhttps://www.intratec.us/docs/legal/index.pdf

    Time period covered
    2015 - 2025
    Area covered
    United States
    Description

    Have timely access to reliable Electricity price assessments in United States:

    • Electricity, industrial sector, United States, including generation, transmission, and distribution costs
    • Electricity, household, United States

    Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

    Electricity price assessments for United States and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

  12. Monthly wholesale electricity prices in Germany 2019-2025

    • statista.com
    Updated Feb 19, 2025
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    Statista (2025). Monthly wholesale electricity prices in Germany 2019-2025 [Dataset]. https://www.statista.com/statistics/1267541/germany-monthly-wholesale-electricity-price/
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    Dataset updated
    Feb 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2019 - Feb 2025
    Area covered
    Germany
    Description

    Germany's electricity prices have experienced an increase in the latter half of 2024 and the beginning of 2025, reaching an average of 140.42 euros per megawatt-hour in February 2025. This marks a notable decrease from the record high of over 469 euros per megawatt-hour in August 2022, yet remains above pre-pandemic levels. The ongoing volatility in energy prices continues to impact German households and businesses, reflecting broader trends across Europe's energy landscape. Electricity price recovery German electricity prices began recovering back to pre-energy crisis levels in 2024, a period driven by a complex interplay of factors, including increased heating demand, reduced wind power generation, and water scarcity affecting hydropower production. The rise in natural gas and coal prices, exacerbated by the economic recovery post-COVID-19 and the Ukraine conflict, further contributed to the spike. Despite Germany's progress in renewable energy sources, with over 50 percent of gross electricity generated from renewable sources in 2023, the country still relies heavily on fossil fuels. Coal and natural gas accounted for approximately 40 percent of the energy mix, making Germany vulnerable to fluctuations in global fuel prices. Impact on consumers and future outlook The volatility in electricity prices has directly impacted German consumers. As of April 1, 2024, households with basic supplier contracts were paying around 46 cents per kilowatt-hour, making it the most expensive option compared to other providers or special contracts. The breakdown of household electricity prices in 2023 showed that supply and margin, along with energy procurement, constituted the largest controllable components, amounting to 40.6 and 11.6 euro cents per kilowatt-hour, respectively. While prices have decreased since the 2022 peak, they remain higher than pre-crisis levels, underscoring the ongoing challenges in Germany's energy sector as it continues its transition towards renewable sources.

  13. Electricity Prices, Mexico - Historical Prices & Forecasts – Free Previews...

    • intratec.us
    csv, json, pdf
    Updated Jan 9, 2025
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    Intratec Solutions (2025). Electricity Prices, Mexico - Historical Prices & Forecasts – Free Previews Available [Dataset]. https://www.intratec.us/products/energy-price-references/commodity/electricity-price-mexico
    Explore at:
    pdf, csv, jsonAvailable download formats
    Dataset updated
    Jan 9, 2025
    Dataset provided by
    Intratec Solutions, LLC
    Authors
    Intratec Solutions
    License

    https://www.intratec.us/docs/legal/index.pdfhttps://www.intratec.us/docs/legal/index.pdf

    Time period covered
    2015 - 2025
    Area covered
    Mexico
    Description

    Have timely access to reliable Electricity price assessments in Mexico:

    • Electricity, industrial sector, Mexico, including generation, transmission, and distribution costs
    • Electricity, household, Mexico, for consumption from 76 up to 140 kWh/month

    Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

    Electricity price assessments for Mexico and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

  14. F

    Average Price: Electricity per Kilowatt-Hour in Detroit-Warren-Dearborn, MI...

    • fred.stlouisfed.org
    json
    Updated Nov 13, 2024
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    (2024). Average Price: Electricity per Kilowatt-Hour in Detroit-Warren-Dearborn, MI (CBSA) [Dataset]. https://fred.stlouisfed.org/series/APUS23B72610
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Nov 13, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    Warren, Detroit, Dearborn, Michigan
    Description

    Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Detroit-Warren-Dearborn, MI (CBSA) (APUS23B72610) from Nov 1978 to Oct 2024 about Detroit, electricity, energy, MI, urban, retail, price, and USA.

  15. Electricity Prices, Chile - Historical Prices & Forecasts – Free Previews...

    • intratec.us
    csv, json, pdf
    Updated Jan 9, 2025
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    Electricity Prices, Chile - Historical Prices & Forecasts – Free Previews Available [Dataset]. https://www.intratec.us/products/energy-price-references/commodity/electricity-price-chile
    Explore at:
    json, pdf, csvAvailable download formats
    Dataset updated
    Jan 9, 2025
    Dataset provided by
    Intratec Solutions, LLC
    Authors
    Intratec Solutions
    License

    https://www.intratec.us/docs/legal/index.pdfhttps://www.intratec.us/docs/legal/index.pdf

    Time period covered
    2015 - 2025
    Area covered
    Chile
    Description

    Have timely access to reliable Electricity price assessments in Chile:

    • Electricity, industrial sector, Chile, including generation, transmission, and distribution costs
    • Electricity, household, Chile, for consumption up to 200 kWh/month

    Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

    Electricity price assessments for Chile and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

  16. Average energy prices for consumers, 2018 - 2023

    • cbs.nl
    • open.staging.dexspace.nl
    • +3more
    xml
    Updated Aug 4, 2023
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    Centraal Bureau voor de Statistiek (2023). Average energy prices for consumers, 2018 - 2023 [Dataset]. https://www.cbs.nl/en-gb/figures/detail/84672ENG
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    xmlAvailable download formats
    Dataset updated
    Aug 4, 2023
    Dataset provided by
    Statistics Netherlands
    Authors
    Centraal Bureau voor de Statistiek
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    The Netherlands
    Description

    This table contains consumer prices for electricity and gas. Weighted average monthly prices are published broken down into transport rate, delivery rates and taxes, both including and excluding VAT. These prices are published on a monthly basis. The prices presented in this table were used to compile the CPI up to May 2023. Prices for newly offered contracts were collected. Contract types that are no longer offered, but have been in previous reporting periods, are imputed. The average can therefore diverge from the prices paid for energy contracts by Dutch households.

    Data available from January 2018 up to May 2023.

    Status of the figures: The figures are definitive.

    Changes as of 17 July 2023: This table will no longer be updated. Due to a change in the underlying data and accompanying method for calculcating average energy prices, a new table was created. See paragraph 3.

    Changes as of 13 February: Average delivery rates are not shown in this table from January 2023 up to May 2023. With the introduction of the price cap, the average energy rates (delivery rates) of fixed and variable energy contracts together remained useful for calculating a development for the CPI. However, as a pricelevel, they are less useful. Average energy prices from January 2023 up to May 2023 are published in a customized table. In this publication, only data concerning new variable contracts are taken into account

    When will new figures be published? Does not apply.

  17. Electricity Prices, Netherlands - Historical Prices & Forecasts – Free...

    • intratec.us
    csv, json, pdf
    Updated Jan 9, 2025
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    Intratec Solutions (2025). Electricity Prices, Netherlands - Historical Prices & Forecasts – Free Previews Available [Dataset]. https://www.intratec.us/products/energy-price-references/commodity/electricity-price-netherlands
    Explore at:
    json, pdf, csvAvailable download formats
    Dataset updated
    Jan 9, 2025
    Dataset provided by
    Intratec Solutions, LLC
    Authors
    Intratec Solutions
    License

    https://www.intratec.us/docs/legal/index.pdfhttps://www.intratec.us/docs/legal/index.pdf

    Time period covered
    2015 - 2025
    Area covered
    Netherlands
    Description

    Have timely access to reliable Electricity price assessments in Netherlands:

    • Electricity, industrial sector, Netherlands, including generation, transmission, and distribution costs (power consumption of 70,000-150,000 MWh/year)
    • Electricity, household, Netherlands, Amsterdam, average consumption, including taxes

    Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

    Electricity price assessments for Netherlands and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

  18. T

    United Kingdom Electricity Price Data

    • tradingeconomics.com
    • ru.tradingeconomics.com
    • +15more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    TRADING ECONOMICS (2023). United Kingdom Electricity Price Data [Dataset]. https://tradingeconomics.com/united-kingdom/electricity-price
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 29, 2013 - Mar 26, 2025
    Area covered
    United Kingdom
    Description

    UK Electricity decreased 15.90 GBP/MWh or 15.52% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for the United Kingdom Electricity Price.

  19. Prices of natural gas and electricity

    • cbs.nl
    • open.staging.dexspace.nl
    • +1more
    xml
    Updated Sep 30, 2024
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    Centraal Bureau voor de Statistiek (2024). Prices of natural gas and electricity [Dataset]. https://www.cbs.nl/en-gb/figures/detail/85666ENG
    Explore at:
    xmlAvailable download formats
    Dataset updated
    Sep 30, 2024
    Dataset provided by
    Statistics Netherlands
    Authors
    Centraal Bureau voor de Statistiek
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    The Netherlands
    Description

    This table shows the average prices paid for natural gas and electricity. The total prices represent the sum of energy supply prices and network prices.

    The total price is the price paid by an end-user, for instance a household or an industrial company consuming energy in their production process. Natural gas used for non-energy purposes or for electricity generation is excluded from the data.

    The price cap set by the Dutch government for 2023 has now been incorporated into the prices.

    Data available from: 1st semester of 2009

    Status of the figures: The figures in this table are provisional for the two most recent semesters, and the annual figures follow the status of the second semester of the relevant reporting year. The remaining figures are final.

    Changes as of September 30: Figures for the first half of 2024 have been added.

    When will new figures be published? New provisional figures will be published three months after the semesters end, at the end of September and at the end of March.

  20. Industrial retail electricity price in the U.S. 1970-2023

    • statista.com
    • flwrdeptvarieties.store
    Updated Jun 28, 2024
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    Statista (2024). Industrial retail electricity price in the U.S. 1970-2023 [Dataset]. https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/
    Explore at:
    Dataset updated
    Jun 28, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    Industrial consumers of electricity in the United States paid an average of 8.06 U.S. dollar cents per kilowatt-hour in 2023. This figure marked a decrease compared to the previous year, when prices peaked at 8.3 U.S. dollar cents per kilowatt-hour.

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Statista (2024). Electricity retail prices in the U.S. 1990-2023 [Dataset]. https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/
Organization logo

Electricity retail prices in the U.S. 1990-2023

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25 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jun 28, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

The retail price for electricity in the United States stood at an average of 12.72 U.S. dollar cents per kilowatt-hour in 2023. This is the highest figure reported in the indicated period. Nevertheless, the U.S. still has one of the lowest electricity prices worldwide. As a major producer of primary energy, energy prices are lower than in countries that are more reliant on imports or impose higher taxes. Electricity prices in the U.S. by consumer group On average, retail electricity prices in the U.S. grew by over 85 percent since the beginning of the century. However, not every sector has been affected equally by the said price increase. U.S. electricity prices for residential customers saw a much steeper increase in the period, while transportation prices increased by approximately 50 percent. Reasons for increases in electricity prices The rising prices are justified by the costs of power production and power grid maintenance. Although the production cost of electricity generated from coal, natural gas, and nuclear sources remained relatively stable, the integration of renewable energy sources, investments in smart grid technologies, growing peak demand, power blackouts caused by natural disasters, and the global energy crisis in 2022 continued to trouble the electric utility industry in recent years. Average U.S. electricity prices per state can also vary widely, with Hawaii residents experiencing some of the highest rates in the country.

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