Residential Electric Prices Rising

Residential Electric Prices Rising

U.S. retail residential electricity prices for the first half of 2014 averaged 12.3 cents per kilowatt hour, an increase of 3.2% from the same period last year. This is the highest year-over-year growth in residential prices for the first half of the year since 2009. Average prices rose in all areas of the country except for the Pacific Census Division (excluding Alaska and Hawaii).

 

Residential Energy IncreasesSource: U.S. Energy Information Administration, August 2014 Electric Power Monthly. Note: Data are preliminary.

Map of U.S. Census divisions.

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