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.

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.

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.

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.

Wholesale electricity prices in the European Union (EU) increased in 2024 after recovering from the global energy crisis in 2023. This was the result of a myriad of factors, including increased demand in the “post-pandemic” economic recovery, a rise in natural gas and coal prices, and a decline in renewable power generation due to low wind speeds and drought. Nuclear power's critical role In 2023, nuclear and wind were among the leading sources of electricity generation in the EU, accounting for more than one-third of the output. Nuclear energy continues to play a crucial role in the European Union's electricity mix, generating approximately 619 terawatt-hours in 2023, which accounted for about 20 percent of the region's power production. However, the future of nuclear power in Europe is uncertain, with some countries like Germany phasing out their nuclear plants while others maintain their reliance on this energy source. The varied approaches to nuclear power across EU member states contribute to the differences in electricity prices and supply stability throughout the region.

Renewable energy's growing impact As Europe strives to decarbonize its energy sector, renewable sources are gaining prominence. Wind power in Europe, in particular, has seen significant growth, with installed capacity in Europe reaching 257.1 gigawatt hours in 2023. This expansion of renewable energy infrastructure is gradually reshaping the electricity market, potentially leading to more stable prices in the long term. However, the intermittent nature of some renewable sources, such as wind and solar, can still contribute to price fluctuations, especially during periods of low output.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average (CUSR0000SEHF01) from Jan 1952 to Feb 2025 about electricity, urban, consumer, CPI, price index, indexes, price, and USA.

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.

Summary: The Midatlantic residents are required to pay high electricity bills due to the source and demand for large amounts of powerStorymap metadata page: URL forthcoming Possible K-12 Next Generation Science standards addressed:Grade level(s) K: Standard K-LS1-1 - From Molecules to Organisms: Structures and Processes - Use observations to describe patterns of what plants and animals (including humans) need to surviveGrade level(s) K: Standard K-ESS2-2 - Earth's Systems - Construct an argument supported by evidence for how plants and animals (including humans) can change the environment to meet their needsGrade level(s) K: Standard K-ESS3-1 - Earth and Human Activity - Use a model to represent the relationship between the needs of different plants or animals (including humans) and the places they liveGrade level(s) 1: Standard 1-LS1-1 - From Molecules to Organisms: Structures and Processes - Use materials to design a solution to a human problem by mimicking how plants and/or animals use their external parts to help them survive, grow, and meet their needsGrade level(s) 1: Standard 1-LS3-1 - Heredity: Inheritance and Variation of Traits - Make observations to construct an evidence-based account that young plants and animals are like, but not exactly like, their parentsGrade level(s) 2: Standard 2-LS2-1 - Ecosystems: Interactions, Energy, and Dynamics - Plan and conduct an investigation to determine if plants need sunlight and water to grow.Grade level(s) 2: Standard 2-LS2-2 - Ecosystems: Interactions, Energy, and Dynamics - Develop a simple model that mimics the function of an animal in dispersing seeds or pollinating plants.Grade level(s) 2: Standard 2-LS4-1 - Biological Evolution: Unity and Diversity - Make observations of plants and animals to compare the diversity of life in different habitatsGrade level(s) 3: Standard 3-LS3-1 - Heredity: Inheritance and Variation of Traits - Analyze and interpret data to provide evidence that plants and animals have traits inherited from parents and that variation of these traits exists in a group of similar organisms.Grade level(s) 3: Standard 3-LS3-2 - Heredity: Inheritance and Variation of Traits - Use evidence to support the explanation that traits can be influenced by the environmentGrade level(s) 3: Standard 3-LS4-2 - Biological Evolution: Unity and Diversity - Use evidence to construct an explanation for how the variations in characteristics among individuals of the same species may provide advantages in surviving, finding mates, and reproducingGrade level(s) 3: Standard 3-LS4-4 - Biological Evolution: Unity and Diversity - Make a claim about the merit of a solution to a problem caused when the environment changes and the types of plants and animals that live there may changeGrade level(s) 4: Standard 4-PS3-1 - Energy - Use evidence to construct an explanation relating the speed of an object to the energy of that objectGrade level(s) 4: Standard 4-PS3-2 - Energy - Make observations to provide evidence that energy can be transferred from place to place by sound, light, heat, and electric currentsGrade level(s) 4: Standard 4-PS3-3 - Energy - Ask questions and predict outcomes about the changes in energy that occur when objects collideGrade level(s) 4: Standard 4-PS3-4 - Energy - Apply scientific ideas to design, test, and refine a device that converts energy from one form to anotherGrade level(s) 4: Standard 4-LS1-1 - From Molecules to Organisms: Structures and Processes - Construct an argument that plants and animals have internal and external structures that function to support survival, growth, behavior, and reproductionGrade level(s) 4: Standard 4-ESS3-1 - Earth and Human Activity - Obtain and combine information to describe that energy and fuels are derived from natural resources and that their uses affect the environmentGrade level(s) 5: Standard 5-PS3-1 - Energy - Use models to describe that energy in animals’ food (used for body repair, growth, motion, and to maintain body warmth) was once energy from the sunGrade level(s) 5: Standard 5-LS1-1 - From Molecules to Organisms: Structures and Processes - Support an argument that plants get the materials they need for growth chiefly from air and waterGrade level(s) 5: Standard 5-LS2-1 - Ecosystems: Interactions, Energy, and Dynamics - Develop a model to describe the movement of matter among plants, animals, decomposers, and the environmentGrade level(s) 6-8: Standard MS-PS1-5 - Matter and Its Interactions - Undertake a design project to construct, test, and modify a device that either releases or absorbs thermal energy by chemical processesGrade level(s) 6-8: Standard MS-PS3-1 - Energy - Construct and interpret graphical displays of data to describe the relationships of kinetic energy to the mass of an object and to the speed of an objectGrade level(s) 6-8: Standard MS-PS3-2 - Energy - Develop a model to describe that when the arrangement of objects interacting at a distance changes, different amounts of potential energy are stored in the systemGrade level(s) 6-8: Standard MS-PS3-3 - Energy - Apply scientific principles to design, construct, and test a device that either minimizes or maximizes thermal energy transferGrade level(s) 6-8: Standard MS-PS3-4 - Energy - Plan an investigation to determine the relationships among the energy transferred, the type of matter, the mass, and the change in the average kinetic energy of the particles as measured by the temperature of the sampleGrade level(s) 6-8: Standard MS-PS3-5 - Energy - Construct, use, and present arguments to support the claim that when the kinetic energy of an object changes, energy is transferred to or from the objectGrade level(s) 6-8: Standard MS-PS4-1 - Waves and Their Applications in Technologies for Information Transfer - Use mathematical representations to describe a simple model for waves that includes how the amplitude of a wave is related to the energy in a waveGrade level(s) 6-8: Standard MS-LS1-4 - From Molecules to Organisms: Structures and Processes - Use argument based on empirical evidence and scientific reasoning to support an explanation for how characteristic animal behaviors and specialized plant structures affect the probability of successful reproduction of animals and plants respectivelyGrade level(s) 6-8: Standard MS-LS1-6 - From Molecules to Organisms: Structures and Processes - Construct a scientific explanation based on evidence for the role of photosynthesis in the cycling of matter and flow of energy into and out of organismsGrade level(s) 6-8: Standard MS-LS1-7 - From Molecules to Organisms: Structures and Processes - Develop a model to describe how food is rearranged through chemical reactions forming new molecules that support growth and/or release energy as this matter moves through an organismGrade level(s) 6-8: Standard MS-LS2-3 - Ecosystems: Interactions, Energy, and Dynamics - Develop a model to describe the cycling of matter and flow of energy among living and nonliving parts of an ecosystem.Grade level(s) 6-8: Standard MS-ESS2-1 - Earth’s Systems - Develop a model to describe the cycling of Earth’s materials and the flow of energy that drives this processGrade level(s) 6-8: Standard MS-ESS2-4 - Earth’s Systems - Develop a model to describe the cycling of water through Earth’s systems driven by energy from the sun and the force of gravityGrade level(s) 6-8: Standard MS-ESS3-1 - Earth and Human Activity - Construct a scientific explanation based on evidence for how the uneven distributions of Earth’s mineral, energy, and groundwater resources are the result of past and current geoscience processesGrade level(s) 6-8: Standard MS-ESS3-4 - Earth and Human Activity - Construct an argument supported by evidence for how increases in human population and per-capita consumption of natural resources impact Earth’s systemsGrade level(s) 9-12: Standard HS-PS1-1 - Matter and Its Interactions - Use the periodic table as a model to predict the relative properties of elements based on the patterns of electrons in the outermost energy level of atomsGrade level(s) 9-12: Standard HS-PS1-4 - Matter and Its Interactions - Develop a model to illustrate that the release or absorption of energy from a chemical reaction system depends upon the changes in total bond energy. [Grade level(s) 9-12: Standard HS-PS1-5 - Matter and Its Interactions - Apply scientific principles and evidence to provide an explanation about the effects of changing the temperature or concentration of the reacting particles on the rate at which a reaction occurs.Grade level(s) 9-12: Standard HS-PS1-8 - Matter and Its Interactions - Develop models to illustrate the changes in the composition of the nucleus of the atom and the energy released during the processes of fission, fusion, and radioactive decay.Grade level(s) 9-12: Standard HS-PS3-1 - Energy - Create a computational model to calculate the change in the energy of one component in a system when the change in energy of the other component(s) and energy flows in and out of the system are knownGrade level(s) 9-12: Standard HS-PS3-2 - Energy - Develop and use models to illustrate that energy at the macroscopic scale can be accounted for as a combination of energy associated with the motion of particles (objects) and energy associated with the relative position of particles (objects).Grade level(s) 9-12: Standard HS-PS3-3 - Energy - Design, build, and refine a device that works within given constraints to convert one form of energy into another form of energyGrade level(s) 9-12: Standard HS-PS3-4 - Energy - Plan and conduct an investigation to provide evidence that the transfer of thermal energy when two components of different temperature are combined within a closed system results in a more uniform energy distribution among the components in the system (second law of thermodynamics).Grade level(s) 9-12: Standard HS-PS3-5 - Energy - Develop and use a model of two objects interacting through electric or

Energy Inflation in the United States decreased to -0.20 percent in February from 1 percent in January of 2025. This dataset includes a chart with historical data for the United States Energy Inflation.

Italy Electricity decreased 10.78 EUR/MWh or 7.83% 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 Italy Electricity Price.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72610) from Nov 1978 to Dec 2024 about Los Angeles, electricity, energy, urban, CA, retail, price, and USA.

According to Cognitive Market Research, the global Home Energy Management market size will be USD 3814.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1525.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1144.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 877.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 190.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 76.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031.
The Hardware Offering is the fastest growing segment of the Home Energy Management industry

Market Dynamics of Home Energy Management Market

Key Drivers for Home Energy Management Market

Increasing energy prices prompt homeowners to seek efficient solutions to Boost Market Growth

Increasing energy prices are a significant driver for the Home Energy Management Market as they directly impact homeowners' utility bills. As energy costs rise, homeowners are motivated to seek efficient solutions to manage and reduce their energy consumption, aiming to lower their overall expenses. Home energy management systems offer tools for monitoring and optimizing energy use, helping homeowners identify inefficiencies and make adjustments that result in cost savings. These systems enable better control over energy consumption patterns through smart technologies, such as automation and real-time monitoring. Consequently, the growing need to mitigate rising energy costs fuels the demand for advanced home energy management solutions, driving market growth. For instance, in September 2022, IBM has introduced the latest version of its LinuxONE server, a highly scalable platform based on Linux and Kubernetes, designed to handle thousands of workloads within a single framework. The IBM LinuxONE Emperor 4 features a scalable approach that enables clients to run more workloads at higher density and capability by activating unused cores without increasing energy consumption or greenhouse gas emissions.

Growing Policies and incentives promoting energy efficiency and renewable energy adoption to Drive Market Growth

Growing policies and incentives promoting energy efficiency and renewable energy adoption are driving the Home Energy Management Market by creating a favorable environment for the deployment of energy management systems. Governments and regulatory bodies often offer tax rebates, subsidies, and financial incentives to encourage homeowners to invest in energy-efficient technologies and renewable energy sources, such as solar panels. These policies lower the financial barriers to adopting home energy management systems, making them more accessible and attractive. Additionally, stringent energy efficiency standards and regulations push homeowners to implement solutions that reduce energy consumption and greenhouse gas emissions. As a result, the supportive regulatory landscape accelerates the adoption of home energy management systems, fostering market growth and innovation.

Restraint Factor for the Home Energy Management Market

High Initial Costs will Limit Market Growth

High initial costs are a significant restraint on the Home Energy Management Market, as the upfront investment required for purchasing and installing energy management systems can be substantial. This financial barrier can deter homeowners, especially those on a tight budget or with limited financial resources, from adopting these technologies. The cost includes not only the price of the equipment but also installation and potential integration with existing home systems. Although these systems can lead to long-term savings, the immediate expense may outweigh perceived benefits for some consumers. This financial hurdle slows market penetration and adoption rates, limiting the ove...

United States - Producer Price Index by Industry: Electric Power Distribution was 187.64900 Index Dec 2003=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Electric Power Distribution reached a record high of 214.03100 in August of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Electric Power Distribution - last updated from the United States Federal Reserve on March of 2025.

Brazil Energy: Average Current Prices: Source: Electricity: Industry data was reported at 268.117 USD/BOE in 2023. This records an increase from the previous number of 261.376 USD/BOE for 2022. Brazil Energy: Average Current Prices: Source: Electricity: Industry data is updated yearly, averaging 93.215 USD/BOE from Dec 1973 (Median) to 2023, with 51 observations. The data reached an all-time high of 300.176 USD/BOE in 2015 and a record low of 36.812 USD/BOE in 1973. Brazil Energy: Average Current Prices: Source: Electricity: Industry data remains active status in CEIC and is reported by Ministry of Mining and Energy. The data is categorized under Global Database’s Brazil – Table BR.PE001: Average Current and Constant Price. In order to keep the series, is adopted boe based on higher heating value of the source.

Energy Prices In the Euro Area decreased to 150.70 points in February from 151.16 points in January of 2025. This dataset includes a chart with historical data for Euro Area Energy Prices.

As per Cognitive Market Research's latest published report, the Global Power Plant market size was $1,523.64 Billion in 2022 and it is forecasted to reach $1,924.34 Billion by 2030. Power Plant Industry's Compound Annual Growth Rate will be 3.5% from 2023 to 2030. Factors Impacting on Power Plant Market

Rising industrialization and urbanization boost the demand for the Power plant market

The global power plant market is primarily driven by the growing demand for electricity due to the rapid pace of industrialization and urbanization in developing countries. Additionally, the increasing global population, along with the rising adoption of electric vehicles, is also fueling the demand for power plants. The shift towards cleaner sources of energy such as renewables, along with the increasing concerns over carbon emissions and climate change, is also driving the demand for renewable energy-based power plants. Government initiatives and incentives to promote the adoption of renewable energy sources are further boosting the growth of the global power plant market.

High capital costs and environmental concerns act as a restraint on the Power plant market

The construction and operation of power plants require significant capital investments. The high capital costs can be a significant barrier to entry for new players in the market, and can also impact the profitability of existing players. Traditional power generation technologies such as coal and oil-fired power plants are associated with negative environmental impacts such as greenhouse gas emissions, air pollution, and water contamination. The increasing concerns over environmental degradation are pushing governments and regulators to impose stringent environmental regulations, which can increase the cost of compliance and impact the profitability of power plant operators.

The rising adoption of renewable energy will drive the Power plant market growth

The global shift towards cleaner and more sustainable sources of energy such as solar, wind, and hydropower presents a significant growth opportunity for the power plant market. The increasing adoption of renewable energy sources can drive the demand for new power plants and provide opportunities for existing players to transition toward cleaner energy sources. What is a Power Plant?

A power plant is a facility that generates electricity by converting a form of energy into electrical energy. Power plants can use various sources of energy such as fossil fuels (coal, natural gas, oil), nuclear, and renewable energy sources (solar, wind, hydro, geothermal, biomass) to produce electricity. The type of energy source used by a power plant determines the technology used to generate electricity.

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.

This repository provides the detailed data for the figures in the manuscript, "Cost Increase in the Electricity Supply to Achieve Carbon Neutrality in China".

The article was submitted to Nature Communications for peer review on 22 August 2021 and accepted on 22 April 2022. The details of the main article are as follows.

DOI: 10.1038/s41467-022-30747-0

Online link: https://www.nature.com/articles/s41467-022-30747-0

Citation: Zhuo, Z., Du, E., Zhang, N. et al. Cost increase in the electricity supply to achieve carbon neutrality in China. Nat Commun 13, 3172 (2022).

If you want to use the date provided in the repository, please cite the above article. It will be better if you can also cite this dataset.