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U.S. electric power industry's revenue 1970-2019

In 2019, the electric power industry in the United States generated a revenue of about 401.7 billion U.S. dollars.

Electric Power Industry

The electric power industry consists of the generation, transmission, and distribution of electric power to the public. First developed in the late 1800’s, the electric power industry has evolved tremendously. At first, the industry began as a “natural monopoly” as limiting the number of organizations participating would make the market more efficient. The industry was subsequently broken up, separating generation and distribution of electricity, to create a more competitive market. The industry is normally regulated through price controls, and typically state owned. However, in recent history, the United States has begun to deregulate the electric power industry.

Fossil fuel power in the United States

Natural resources such as coal, petroleum, and gas are vital resources used in the United States for the electric power industry. Unfortunately, fossil fuels are finite resources. The average cost of coal for the electric power industry in the United States has been fluctuating since 2005, but has seen a recent decrease. The average cost of petroleum has seen higher waves of fluctuation in the last decade. On the other hand, the average cost of natural gas has drastically decreased over the last years.

Revenue of the electric power industry in the United States from 1970 to 2019

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Source

Release date

October 2020

Region

United States

Survey time period

1970 to 2019

Supplementary notes

The figure are compiled from previous editions of the annual report; the figures for 1970 through 2009 are taken from the Statistical Abstract of the United States: 2012 (table 952), published by the US Census Bureau in September 2011.
Includes other types, not shown separately. Data for 1990 to 1994 are as of December 31, data for following years are average yearly customers.

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Statistics on "Electricity in the U.S."

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