100+ datasets found
  1. 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.

  2. Natural gas vis-a-vis coal prices for energy generation in the U.S....

    • statista.com
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    Statista, Natural gas vis-a-vis coal prices for energy generation in the U.S. 1980-2024 [Dataset]. https://www.statista.com/statistics/189180/natural-gas-vis-a-vis-coal-prices/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    United States' electricity producers paid about 2.75 U.S. dollars per million British thermal unit for natural gas in 2024. Meanwhile, coal power plant operators paid an average of 2.48 U.S. dollars. In the last decade, the price of natural gas used for electricity generation has seen a net decrease, followed by a considerable rise in 2022. Coal, on the other hand, has consistently been among the cheapest fuel types used in the power sector. Natural gas prices and the influence of oil demand As it is often produced alongside oil, prices for natural gas are shaped by overall market developments of the oil and gas industry. When an overproduction of oil led to the oil glut between 2015 and 2016, natural gas prices fell notably. The same circumstance could be observed in 2020 when a fall in oil demand brought many benchmarks such as WTI and Brent to historic lows and also resulted in the Henry Hub price falling to a 21-year low. Apart from petroleum, which is an expensive and inefficient means of power production, fossil fuel costs for electricity generation have declined since 2022. Shift away from conventional energy sources Although renewable technologies were once thought to be very expensive, greater investments have quickly rendered their levelized cost of energy generation on par with fossil fuels, especially when deployed on a utility-scale. The aging coal fleet is a prime example of the increasing necessity to switch to carbon neutral technologies. Older coal plants are dealing with increasing maintenance costs as well as environmental regulations forcing the installation of pollution controls.

  3. T

    Gold - Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Dec 2, 2025
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    TRADING ECONOMICS (2025). Gold - Price Data [Dataset]. https://tradingeconomics.com/commodity/gold
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Dec 2, 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
    Jan 3, 1968 - Dec 2, 2025
    Area covered
    World
    Description

    Gold fell to 4,199.97 USD/t.oz on December 2, 2025, down 0.75% from the previous day. Over the past month, Gold's price has risen 4.93%, and is up 58.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on December of 2025.

  4. Average house price in the UK 2010-2025, by month

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Average house price in the UK 2010-2025, by month [Dataset]. https://www.statista.com/statistics/751605/average-house-price-in-the-uk/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2010 - Jun 2025
    Area covered
    United Kingdom
    Description

    In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in June 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

  5. F

    Average Sales Price of Houses Sold for the United States

    • fred.stlouisfed.org
    json
    Updated Jul 24, 2025
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    (2025). Average Sales Price of Houses Sold for the United States [Dataset]. https://fred.stlouisfed.org/series/ASPUS
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    jsonAvailable download formats
    Dataset updated
    Jul 24, 2025
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q2 2025 about sales, housing, and USA.

  6. T

    Gasoline - Price Data

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Dec 2, 2025
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    TRADING ECONOMICS (2025). Gasoline - Price Data [Dataset]. https://tradingeconomics.com/commodity/gasoline
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Dec 2, 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
    Oct 3, 2005 - Dec 2, 2025
    Area covered
    World
    Description

    Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on December of 2025.

  7. T

    Lumber - Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Dec 2, 2025
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    TRADING ECONOMICS (2025). Lumber - Price Data [Dataset]. https://tradingeconomics.com/commodity/lumber
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset updated
    Dec 2, 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
    Jul 24, 1978 - Dec 1, 2025
    Area covered
    World
    Description

    Lumber fell to 537 USD/1000 board feet on December 1, 2025, down 1.29% from the previous day. Over the past month, Lumber's price has fallen 1.47%, and is down 9.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on December of 2025.

  8. Average costs of fossil fuels for electricity generation in the U.S....

    • statista.com
    Updated Feb 5, 2022
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    Statista (2022). Average costs of fossil fuels for electricity generation in the U.S. 2005-2023 [Dataset]. https://www.statista.com/statistics/183992/average-costs-of-fossil-fuels-for-us-electricity-generation-from-2005/
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    Dataset updated
    Feb 5, 2022
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The cost of fossil fuels in the United States electric power industry varies depending on the source that is used. In general, fossil fuels cost about 3.12 U.S. dollars per million British thermal units (Btu) in 2023, ranging from 2.36 U.S. dollars per million Btu for coal to 16.53 U.S. dollars per million Btu for petroleum. Coal and petroleum costs Of the fossil fuels used for electric power generation, petroleum costs have been the most volatile, while coal costs have remained relatively stable in comparison. Average costs of petroleum, which includes various kinds of oil, fluctuated significantly over the period of consideration and reached a peak in 2022 during the energy crisis that hit the global fossil fuels market. Natural gas price Similar to coal, natural gas prices can vary based on the region. Being a large producer of domestic natural gas, the U.S. has notably lower prices compared to Europe and Japan. Due to greater natural gas production through hydraulic fracturing, prices in the U.S. have experienced an overall decline over the last decade or so, falling to 2.4 U.S. dollars per million Btu in 2020. However, natural gas markets around the world experienced price shocks in 2021 and 2022 as a result of the Russia-Ukraine war. In the United States, average natural gas costs for use in the electric power sector more than tripled in 2022.

  9. F

    Median Sales Price of Houses Sold for the United States

    • fred.stlouisfed.org
    json
    Updated Jul 24, 2025
    + more versions
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    (2025). Median Sales Price of Houses Sold for the United States [Dataset]. https://fred.stlouisfed.org/series/MSPUS
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jul 24, 2025
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q2 2025 about sales, median, housing, and USA.

  10. U

    United States House Prices Growth

    • ceicdata.com
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    CEICdata.com, United States House Prices Growth [Dataset]. https://www.ceicdata.com/en/indicator/united-states/house-prices-growth
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    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Dec 1, 2022 - Sep 1, 2025
    Area covered
    United States
    Description

    Key information about House Prices Growth

    • US house prices grew 3.3% YoY in Sep 2025, following an increase of 4.1% YoY in the previous quarter.
    • YoY growth data is updated quarterly, available from Mar 1992 to Sep 2025, with an average growth rate of -12.4%.
    • House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

    CEIC calculates House Prices Growth from quarterly House Price Index. Federal Housing Finance Agency provides House Price Index with base January 1991=100.

  11. T

    Coal - Price Data

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Dec 1, 2025
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    TRADING ECONOMICS (2025). Coal - Price Data [Dataset]. https://tradingeconomics.com/commodity/coal
    Explore at:
    csv, xml, json, excelAvailable download formats
    Dataset updated
    Dec 1, 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
    Dec 5, 2008 - Dec 1, 2025
    Area covered
    World
    Description

    Coal fell to 108.35 USD/T on December 1, 2025, down 1.86% from the previous day. Over the past month, Coal's price has fallen 1.14%, and is down 20.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on December of 2025.

  12. U.S. retail price of eggs 1995-2024

    • statista.com
    • abripper.com
    Updated Nov 19, 2025
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    Statista (2025). U.S. retail price of eggs 1995-2024 [Dataset]. https://www.statista.com/statistics/236852/retail-price-of-eggs-in-the-united-states/
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    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2024, the retail price for a dozen eggs in the United States was **** U.S. dollars. Egg prices in the United States peaked in this year. Previously, the highest average price was in 2015, when a dozen eggs cost **** U.S. dollars on average. U.S. egg production The United States was one of the leading producers of eggs in the world in 2021, ranking fourth behind China, India, and Indonesia. In that year, approximately ***** billion eggs were produced in the United States. There are two main categories that farm chickens fall into: broiler chickens and laying hens. The first are raised for meat and the second are raised for laying eggs. The U.S. state with the most laying hens is Iowa, with about **** million in 2022. Some of the other top egg-producing states include Ohio, Indiana, and Pennsylvania. Egg retail in the United States Perhaps because eggs are uniform in taste and appearance, and most consumers cannot tell one brand of chicken egg apart from another, private label eggs have the highest sales among fresh egg brands in the United States. Eggland’s Best is the leading name brand of fresh eggs in the United States, with sales of ****** million U.S. dollars in 2023. The amount that U.S. consumer units spend on eggs varies from region to region. In 2021, consumers in the Western United States spent an average of about *** U.S. dollars on eggs over the course of the year. The Midwestern United States had the lowest average expenditure on eggs in that year.

  13. T

    Iron Ore - Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Iron Ore - Price Data [Dataset]. https://tradingeconomics.com/commodity/iron-ore
    Explore at:
    excel, json, xml, csvAvailable download formats
    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
    Oct 22, 2010 - Dec 1, 2025
    Area covered
    World
    Description

    Iron Ore rose to 106.94 USD/T on December 1, 2025, up 2.00% from the previous day. Over the past month, Iron Ore's price has risen 1.04%, and is up 1.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on December of 2025.

  14. Year-end price of gold per troy ounce 1990-2025

    • statista.com
    Updated Jun 3, 2025
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    Statista (2025). Year-end price of gold per troy ounce 1990-2025 [Dataset]. https://www.statista.com/statistics/274001/gold-price-per-ounce-since-1978/
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    Dataset updated
    Jun 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The price of gold per troy ounce increased considerably between 1990 and 2025, despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately **** grams. At the end of 2024, a troy ounce of gold cost ******* U.S. dollars. As of * June 2025, it increased considerably to ******** U.S. dollars. Price of – additional information In 2000, the price of gold was at its lowest since 1990, with a troy ounce of gold costing ***** U.S. dollars in that year. Since then, gold prices have been rising and after the economic crisis of 2008, the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment. History has shown, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation. However, unlike other commodities, once gold is mined it does not get used up like other commodities (for example, such as gasoline). So while gold may be a good investment at times, the supply demand argument does not apply to gold. Nonetheless, the demand for gold has been mostly consistent.

  15. F

    Average Price: Eggs, Grade A, Large (Cost per Dozen) in U.S. City Average

    • fred.stlouisfed.org
    json
    Updated Oct 24, 2025
    + more versions
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    (2025). Average Price: Eggs, Grade A, Large (Cost per Dozen) in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/APU0000708111
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Oct 24, 2025
    License

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

    Description

    Large white, Grade A chicken eggs, sold in a carton of a dozen. Includes organic, non-organic, cage free, free range, and traditional."

  16. y

    US Retail Gas Price

    • ycharts.com
    html
    Updated Nov 4, 2025
    + more versions
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    Energy Information Administration (2025). US Retail Gas Price [Dataset]. https://ycharts.com/indicators/us_gas_price
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    htmlAvailable download formats
    Dataset updated
    Nov 4, 2025
    Dataset provided by
    YCharts
    Authors
    Energy Information Administration
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Apr 5, 1993 - Nov 3, 2025
    Area covered
    United States
    Variables measured
    US Retail Gas Price
    Description

    View weekly updates and historical trends for US Retail Gas Price. from United States. Source: Energy Information Administration. Track economic data with…

  17. Pharmaceutical Preparations Manufacturing in Germany - Market Research...

    • ibisworld.com
    Updated Nov 15, 2025
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    IBISWorld (2025). Pharmaceutical Preparations Manufacturing in Germany - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/germany/industry/pharmaceutical-preparations-manufacturing/756/
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    Dataset updated
    Nov 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    Germany
    Description

    In the last five years, turnover in the pharmaceutical industry has fallen by an average of 1.9% per year. Turnover did increase during the coronavirus pandemic, as the industry recorded stable demand at home and abroad and pharmaceutical supply chains remained intact despite pandemic-related shocks. Nevertheless, the pharmaceutical industry was exposed to high cost pressure in the years that followed. For example, chemical goods became massively more expensive in the wake of the energy crisis in 2022. The high prices for energy and primary products have driven up input costs even further in recent years. Procurement risks arose, among other things, from price increases and the lack of advance deliveries from the chemical industry, which cut back on production as a result of the high energy costs. The increased costs could not be passed on in full and had a negative impact on the profit margin. In addition to a decline in demand for vaccines, the economic policy framework, above all the SHI Financial Stabilisation Act, which came into force at the end of 2022 and increased the mandatory manufacturer discount for patented medicines from 7% to 12% for 2023, had a negative impact on the business of industry players. Despite the difficult framework conditions and the continuing crisis in the German economy, sales growth is forecast for 2025. Research expenditure has recently increased. The development and production of biopharmaceuticals is becoming increasingly important. Finally, the export business will also increase again in the current year due to increased demand on the European market. In 2025, industry turnover is expected to reach €95.5 billion, which corresponds to growth of 1.7% compared to the previous year. The producer price for pharmaceutical products should gradually fall again this year. This will allow industry players to generate higher profits again as manufacturing costs fall.It can be assumed that the framework conditions for manufacturers of pharmaceutical products in Germany will continue to prove challenging over the next five years. Due to the extension of the price moratorium on pharmaceuticals until 2026 provided for in the new Savings Act, manufacturers will only be able to pass on inflation-related price increases to a limited extent. In addition, the higher manufacturer discounts act as an additional cost burden and dampen the willingness to invest in the German location. There is growth potential for the industry in the context of digitalisation and automation and the associated development of new business areas. The advancing ageing of society as a result of demographic change, which favours the demand for pharmaceutical products, is an advantage. By 2030, the industry's turnover is expected to grow by an average of 0.5% per year and is therefore likely to reach 97.6 billion euros.

  18. y

    US Inflation Rate

    • ycharts.com
    html
    Updated Oct 24, 2025
    + more versions
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    Bureau of Labor Statistics (2025). US Inflation Rate [Dataset]. https://ycharts.com/indicators/us_inflation_rate
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Oct 24, 2025
    Dataset provided by
    YCharts
    Authors
    Bureau of Labor Statistics
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1914 - Sep 30, 2025
    Area covered
    United States
    Variables measured
    US Inflation Rate
    Description

    View monthly updates and historical trends for US Inflation Rate. from United States. Source: Bureau of Labor Statistics. Track economic data with YCharts…

  19. T

    Eggs US - Price Data

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 24, 2025
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    TRADING ECONOMICS (2025). Eggs US - Price Data [Dataset]. https://tradingeconomics.com/commodity/eggs-us
    Explore at:
    excel, csv, xml, jsonAvailable download formats
    Dataset updated
    Oct 24, 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
    May 25, 2012 - Dec 1, 2025
    Area covered
    World, United States
    Description

    Eggs US fell to 2.25 USD/Dozen on December 1, 2025, down 1.77% from the previous day. Over the past month, Eggs US's price has risen 37.63%, but it is still 42.64% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Eggs US.

  20. Annual inflation rate in China 2024, by sector

    • abripper.com
    • statista.com
    Updated May 30, 2025
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    Statista Research Department (2025). Annual inflation rate in China 2024, by sector [Dataset]. https://abripper.com/lander/abripper.com/index.php?_=%2Ftopics%2F8378%2Finflation-worldwide%2F%2341%2FknbtSbwPrE1UM4SH%2BbuJY5IzmCy9B
    Explore at:
    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Description

    In 2024, consumer inflation in China was comparatively low for a broad range of products and services. Falling prices for transportation and communication further pushed down overall inflation. The average annual consumer price inflation rate in China ranged at about 0.2 percent in 2024. Sectoral price developments in China China is a country with a comparatively low and stable inflation rate. This is obvious in comparison to other BRICS countries and is related to China’s low domestic producer prices and the country’s position as a global manufacturing base. However, due to its close connections to the world market, sectoral price changes in China are very much connected to global developments. During 2024, consumer prices were mainly driven by price increases for healthcare and medical services, recreation and education, as well as miscellaneous items and services. At the same time, transportation and communication prices dropped considerably. Regional inflation rates Over the last decade, the economic development in China has spread from the more advanced coastal regions to the countryside. As a result, prices in rural areas often increased relatively faster than in the cities, although from a significantly lower level. This trend was disrupted during the COVID-19 pandemic, with regional inflation rates often rising faster in more developed regions.

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

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3 scholarly articles cite this dataset (View in Google Scholar)
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.

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