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Electricity in the U.S. - Statistics & facts

The electricity market in the United States is as diverse and complex as the vast landscape it supplies . It includes more than two thousand privately and publicly owned providers, at different levels of vertical integration and regulation, providing a wide range of services. As of 2021, the country was home to five of the ten most valuable electric utilities in the world, with Florida-based NextEra Energy leading the global ranking. Between generation, transmission, and distribution, the U.S. electricity sector generates an annual revenue of more than 450 billion U.S. dollars.

Meeting the national demand

In 2020, retail electricity sales in the U.S. amounted to 3.66 petawatt hours. While overall sales registered a year-over-year decline amidst the economic slowdown caused by the coronavirus pandemic, sales to the residential sector – which accounted for around 40 percent of the national total – saw a slight growth when compared to 2019. Although the U.S. is the second largest electricity producer in the world, ranking only behind China, it has become increasingly more reliable on electricity imports in the past decade. In order to meet its demand, it imported more than two billion U.S. dollars’ worth of electricity in 2019.

How much does electricity cost in the U.S.?

In 2020, the average retail electricity price in the United States stood at approximately 10.66 U.S. cents per kilowatt hour. Despite being the highest price reported in at least three decades, the North American country still boasted one of the lowest household electricity prices worldwide, far below that of countries like Germany, Japan, and the United Kingdom. Generation costs were the largest component of electricity prices in the U.S., followed by distribution.

Overall, electricity prices are influenced by a myriad of factors, including regulations, power plants operating costs, expansion and maintenance of transmission and distribution lines, and costs for fuels such as natural gas and coal (which make up the largest share of electricity generation in the U.S.). As a result, prices vary significantly across sectors and states. As a rule, the price of electricity for the residential and commercial sectors are usually greater than for industries, as distribution to the latter is more efficient due to the higher voltages used. Meanwhile, due to its remote location and dependance on fuel imports for electricity generation, Hawaii had the highest residential electricity retail prices in 2021. In contrast, midwestern states such as Missouri, Nebraska, and North Dakota had the lowest prices.

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Interesting statistics

In the following 6 chapters, you will quickly find the 30 most important statistics relating to "Electricity in the U.S.".

Electricity in the U.S.

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Electricity in the U.S. - Statistics & facts

The electricity market in the United States is as diverse and complex as the vast landscape it supplies . It includes more than two thousand privately and publicly owned providers, at different levels of vertical integration and regulation, providing a wide range of services. As of 2021, the country was home to five of the ten most valuable electric utilities in the world, with Florida-based NextEra Energy leading the global ranking. Between generation, transmission, and distribution, the U.S. electricity sector generates an annual revenue of more than 450 billion U.S. dollars.

Meeting the national demand

In 2020, retail electricity sales in the U.S. amounted to 3.66 petawatt hours. While overall sales registered a year-over-year decline amidst the economic slowdown caused by the coronavirus pandemic, sales to the residential sector – which accounted for around 40 percent of the national total – saw a slight growth when compared to 2019. Although the U.S. is the second largest electricity producer in the world, ranking only behind China, it has become increasingly more reliable on electricity imports in the past decade. In order to meet its demand, it imported more than two billion U.S. dollars’ worth of electricity in 2019.

How much does electricity cost in the U.S.?

In 2020, the average retail electricity price in the United States stood at approximately 10.66 U.S. cents per kilowatt hour. Despite being the highest price reported in at least three decades, the North American country still boasted one of the lowest household electricity prices worldwide, far below that of countries like Germany, Japan, and the United Kingdom. Generation costs were the largest component of electricity prices in the U.S., followed by distribution.

Overall, electricity prices are influenced by a myriad of factors, including regulations, power plants operating costs, expansion and maintenance of transmission and distribution lines, and costs for fuels such as natural gas and coal (which make up the largest share of electricity generation in the U.S.). As a result, prices vary significantly across sectors and states. As a rule, the price of electricity for the residential and commercial sectors are usually greater than for industries, as distribution to the latter is more efficient due to the higher voltages used. Meanwhile, due to its remote location and dependance on fuel imports for electricity generation, Hawaii had the highest residential electricity retail prices in 2021. In contrast, midwestern states such as Missouri, Nebraska, and North Dakota had the lowest prices.

Interesting statistics

In the following 6 chapters, you will quickly find the 30 most important statistics relating to "Electricity in the U.S.".

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