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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