Full Title: Retail Electricity Price and Cost Trends: 2024 Update
Author(s): Sydney Forrester, Andrew Satchwell, Galen L Barbose, Evan Cappers, Cesca Miller, and Andrew Alberg
Publisher(s): Berkeley Lab
Publication Date: December 9, 2024
Full Text: Download Resource
Description (excerpt):
Berkeley Lab’s Retail Electricity Price and Cost Trends summarizes recent trends in retail electricity price levels and price drivers in the United States. This report is intended to serve as a reference document for the diverse set of decision-makers impacted by changes in retail electricity prices and to provide a factual basis for assessing recent changes in retail electricity prices and key underlying drivers. National, regional, and state trends are reported for 2019 through 2023 using publicly-available data for:
– Average retail electricity prices, retail sales, and utility revenues
– Utility capital expenditures, operations and maintenance costs, and fuel and purchased power costs
– Retail electricity sales impacts from behind-the-meter resources
The report also includes qualitative case studies highlighting recent and/or regionally-specific issues contributing significantly to retail electricity price trends.