Utility Dive: Electricity prices and customer debt are rising: 'There will be suffering,' warns consumer advocate
by Robert Walton, Utility Dive
Retail electricity prices in 2021 rose at their fastest rate since 2008, the U.S. Energy Information Association (EIA) said Tuesday. The average nominal price increased 4.3% from 2020 to $0.1372/kWh in 2021, and is expected to reach $0.1426/kWh in this year.
That $0.1372/kWh price is the "highest on record," EIA noted, before adding that prices have tended to slowly decline when accounting for inflation.
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