Average costs of fossil fuels for U.S. electricity generation 2017

Average costs of fossil fuels for the U.S. electric power industry from 2005 to 2017 (in U.S. dollars per million Btu)

by T. Wang, last edited Aug 16, 2019
Average costs of fossil fuels for U.S. electricity generation 2017 The cost of fossil fuels in the electric power industry can vary depending on the source that is used. In general, fossil fuels cost about 2.65 U.S. dollars per million British thermal units (Btu) but can range from 2.06 U.S. dollars per million Btu for coal to 7.1 U.S. dollars per million Btu for petroleum.

Coal and oil prices

In general, coal and oil prices have been the most volatile, while natural gas prices have remained relatively stable in comparison. The price of Brent Crude oil is expected to reach 67 U.S. dollars per barrel in 2020. Oil blends tend to hover around similar spot prices while different coal deposit types can heavily impact the energy density carried by the coal, and thus, prices.

Natural gas price

Similar to coal, natural gas prices can vary based on the source. Natural gas prices have experienced a decline over the last decade or so, reaching about 3.37 U.S. dollars per million Btu in 2017 from 8.21 U.S. dollars in 2005. This drop in U.S. prices are likely related to more accessible and economic shale gas supplies. In natural gas markets in Asia, most natural gas is sourced as liquid natural gas (LNG) and is compressed which is easier to transport, however, the liquefaction process ends up as a sunk cost and increases the overall price.
Show more

Average costs of fossil fuels for the U.S. electric power industry from 2005 to 2017 (in U.S. dollars per million Btu)

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
Coal energy industry in the U.S.
Coal energy industry in the U.S.

All Information
in one Presentation

Coal energy industry in the U.S.

Everything On "Coal energy industry in the U.S." in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on "Fossil fuel consumption in the United States"
  • Domestic consumption of fossil fuels
  • The U.S. fossil fuel industry
  • Fossil fuel prices and expenditure
The most important statistics
  • Trade
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.