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

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 growthThe 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.

美国零售住宅电力价格在过去几十年中总体呈上升趋势。至2023年，价格较上年同期增长了6.3%，为自本世纪初以来的最高增长率。预计住宅电力价格将在2024年继续增长2%。电力价格上涨的驱动因素电力价格部分取决于用于发电的各种能源，如煤炭、天然气、石油、可再生能源或核能。在美国，电力价格与天然气价格高度相关。由于该商品面临支付更高价格的国际化市场，预计美国价格也将上升，正如2022年能源危机期间所见证的那样。电力需求也预计将增加，尤其是在气候变化影响加剧，可能需要更多供暖或制冷的地区，这将推高电力价格。哪些州的电力费用最高？电力价格因州而异，地区差异亦大。截至2023年5月，夏威夷的电力价格在美国最高，约为每千瓦时43美分，这是由于该州电力燃料的原油成本高昂。相比之下，爱达荷州的零售电价最低。该州大部分能源来自水力发电，几乎不需要燃料。此外，建设成本可以分摊至几十年。