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Electricity Rates / Prices
Because of the rising costs of infrastructure upgrades across the nation, residential and commercial electricity rates have continues to increase slightly in most areas of the country.
In recent years, lower fuel prices, mainly in natural gas, have kept growth in retail rates relatively modest. During 2012 the increase in retail electricity rates nationwide was just 1.4 percent. Which means a 10 cent rate would have risen to 10.14 cents; very modest indeed.
The Energy Information Administration, a division of the US Energy Department, expects U.S. retail residential electricity prices will grow by 1.9 percent in 2013 and by 1.8 percent in 2014. These again are relatively modest increases. (See Image Below)
If these expectations do indeed turn out to be correct, choosing LONG-TERM rate plans may not be the best deal; of course depending upon the difference between the plans available.
Call us to discuss the market conditions and the history. We’ll help you with the information you need to make a more informed decision.
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