During 2021, U.S. retail electricity prices rose at fastest rate since 2008

In 2021, the average nominal retail electricity price paid by U.S. residential electric customers rose at the fastest rate since 2008, increasing 4.3% from 2020 to 13.72 cents per kilowatthour (kWh), according to data from our latest Electric Power Monthly. This increase is similar to the change in the U.S. Consumer Price Index, which was 4.7% in 2021. More »