Electricity Prices Over The Past 10 Years

See chained dollars in glossary.

Electricity prices over the past 10 years.

Utility residential electricity prices have risen steadily in the last decade. This anomaly is caused by the growth of more expensive renewable energy wind and solar power and the onerous regulations. The data shows that tariffs between 2007 to 2017 increased by an eye watering 333 with this figure set to rise to 490 by 2021. How have electricity prices changed in the past 10 years.

The graph below shows how the prices increased since 2007 for every business size. 1 mwh 1 000 kwh. For 1960 2002 prices exclude public street and highway lighting interdepartmental sales and other sales to public authorities. The average price for a kilowatt hour of electricity was 13 2 in october 2013 compared to 12 8 in october 2012 data from the us bureau of labor statistics indicates.

Help us improve gov uk. According to the energy information administration residential electricity rates have increased nationally by around 15 in the last 10 years an increase of a little more than 0 2 year. Other electricity plan rates this table shows the average rate of month to month plans as well as 3 6 12 18 24 and 36 month plans. Throughout the 1980s 90s and most of the 2000s electricity prices tracked fairly closely to general consumer price trends.

The data table below shows the prices paid by different sizes of businesses for the past eight years with the annual consumption shown by business size. Average price of electricity to ultimate customers by end use sector by state june 2020 and 2019 cents per kilowatthour. Graphical representation of electricity prices. To help us improve gov uk we d like to know more about your visit today.

Electricity price paid per kwh 2010 2018. 6 in chained 2005 dollars calculated by using gross domestic product implicit price deflators in table d1. The average price for electricity in the united states hit a record high for the 11 th straight month in a row in october and is up 42 percent over the last decade. All rates are the average efl rate at 1 000 kwh.

Over the past 10 years electricity prices have been going up while over most of that time the costs of coal and natural gas the two major fuel inputs to electric generation have declined or stayed relatively flat.