Starting in 2005, electricity prices for utilities went from around $60 per megawatt-hour to $91 by 2011—a 52 percent increase. The change was unique as prices had barely budged since the early nineties. At the time, the spike in costs was attributed by the Energy Information Administration (EIA) to growing costs for liquid natural gas (LNG), which was becoming the fuel of choice for power generation.
The States Where Electricity Prices Keep Climbing
The States Where Electricity Prices Keep…
The States Where Electricity Prices Keep Climbing
Starting in 2005, electricity prices for utilities went from around $60 per megawatt-hour to $91 by 2011—a 52 percent increase. The change was unique as prices had barely budged since the early nineties. At the time, the spike in costs was attributed by the Energy Information Administration (EIA) to growing costs for liquid natural gas (LNG), which was becoming the fuel of choice for power generation.