US electricity prices
According to the EIA (U.S. Energy Information Administration), retail electricity prices were $0.10 per kilowatt-hour in 1Q17, 1.7% higher than in 1Q16. The residential sector saw the most significant price increase of 2.5%. Higher electricity prices during the quarter could have a positive impact on utilities’ (XLU) top lines in 1Q17.
The EIA expects electricity prices to rise 2.6% in 2017 compared to 2016. Prices could rise due to an increase in natural gas (UNG) prices.
To learn more about US electricity prices, please read A Look at US Electricity Prices and the Factors Impacting Them.