Energy + Environment

Electricity Prices Are Declining

Craig DiLouie April 20, 2010

The Department of Energy released the April Electric Power Monthly Report today reflecting January data. Highlights:

• In January 2010, total electric power generation in the United States increased 1.4% from January 2009.

• Retail sales of electricity increased 3.4% compared to January 2009.

• The average U.S. retail price of electricity decreased 3.8% in January 2010 compared to the previous year.

The January average retail price/kWh data has not yet found its way to this page, but we can see from the December 2009 data that:

• The average price per kWh for commercial customers was 9.73 cents, 3.3% lower than December 2008.

• The average price per kWh for industrial customers was 6.52 cents, 2.2% lower than December 2008.

Electricity prices are declining because demand is down because the economy is down.

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