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How Are US Electricity Prices Placed in 2017?

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Apr. 27 2017, Published 12:06 p.m. ET

US electricity prices

According to the EIA (U.S. Energy Information Administration), retail electricity prices were $0.11 per kilowatt-hour in 1Q17—1.7% higher compared to 1Q16. The maximum rise in electricity prices was in the residential sector. Prices in the residential sector rose nearly 2.5% compared to 1Q16.

EIA electricity prices

Higher electricity prices during the quarter might have a positive impact on utilities’ (XLU) top lines in 1Q17.

The EIA expects electricity prices to rise 2.6% in 2017—compared to last year. Prices will likely rise due to an increase in natural gas (UNG) prices.

To learn more about US electricity prices, read A Look at US Electricity Prices and the Factors Impacting Them.

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