Looking at US Electricity Prices in 2017
The EIA expects electricity prices to rise 2.6% in 2017 compared to 2016.
![Vineet Kulkarni - Author](https://media.marketrealist.com/brand-img/yqxvyNRKm/200x200/img-20191003-wa0062-vineet-kulkarni-1595895240949.jpg)
Apr. 24 2017, Updated 9:08 a.m. ET
![uploads///EIA electricity prices](https://media.marketrealist.com/brand-img/Xh9j5sn2g/480x251/uploads/2017/04/EIA-electricity-prices-4-1.jpg 480w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/640x335/uploads/2017/04/EIA-electricity-prices-4-1.jpg 640w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/768x402/uploads/2017/04/EIA-electricity-prices-4-1.jpg 768w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/1024x536/uploads/2017/04/EIA-electricity-prices-4-1.jpg 1024w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/1280x670/uploads/2017/04/EIA-electricity-prices-4-1.jpg 1280w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/1440x753/uploads/2017/04/EIA-electricity-prices-4-1.jpg 1440w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/1600x837/uploads/2017/04/EIA-electricity-prices-4-1.jpg 1600w, https://media.marketrealist.com/brand-img/Xh9j5sn2g/2160x1130/uploads/2017/04/EIA-electricity-prices-4-1.jpg 2160w)
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.