In 2023, retail sales of electricity in the United States generated a revenue of 491 billion U.S. dollars, a year-over-year increase of nearly 16 percent. In comparison to the beginning of the century, the sector's revenue more than doubled.
Fossil fuels are vital resources in the United States' electricity mix. For many decades, coal was the largest source of electricity in the North American country, accounting for more than two petawatt-hours generated in 2005. Since then, however, the contribution of coal has continually decreased, losing its leading position to natural gas. In the last decade, the participation of renewable sources has also increased, surpassing that of coal for the first time in 2020. In addition, renewable sources accounted for over 70 percent of electricity capacity additions in the U.S. in 2022.
Revenue of the electricity industry in the United States in selected years from 1970 to 2023
(in billion U.S. dollars)
Revenue from retail electricity sales to end consumers
Supplementary notes
Figures for 1970 through 2000 were taken from the Statistical Abstract of the United States 2012 (Table 952), published by the US Census Bureau in September 2011.
Figures have been rounded.
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EIA. (October 17, 2024). Revenue of the electricity industry in the United States in selected years from 1970 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/190548/revenue-of-the-us-electric-power-industry/
EIA. "Revenue of the electricity industry in the United States in selected years from 1970 to 2023 (in billion U.S. dollars)." Chart. October 17, 2024. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/190548/revenue-of-the-us-electric-power-industry/
EIA. (2024). Revenue of the electricity industry in the United States in selected years from 1970 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/190548/revenue-of-the-us-electric-power-industry/
EIA. "Revenue of The Electricity Industry in The United States in Selected Years from 1970 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Oct 2024, https://www.statista.com/statistics/190548/revenue-of-the-us-electric-power-industry/
EIA, Revenue of the electricity industry in the United States in selected years from 1970 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/190548/revenue-of-the-us-electric-power-industry/ (last visited November 10, 2024)
Revenue of the electricity industry in the United States in selected years from 1970 to 2023 (in billion U.S. dollars) [Graph], EIA, October 17, 2024. [Online]. Available: https://www.statista.com/statistics/190548/revenue-of-the-us-electric-power-industry/