US Electricity Prices Outpace Annual Inflation

US Electricity Prices Outpace Annual Inflation

U.S. electricity prices rose 3.6% over the last 12 months, outstripping the broader inflation rate of 3.2%, the Bureau of Labor Statistics reported Tuesday. And experts say there is little chance for near-term consumer relief. Transmission costs and volatile fuel prices are the primary drivers of higher power bills, according to Tyson Slocum, director of Public Citizen’s Energy Program. (utilitydive.com 3.14.24)

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