U.S. electricity prices rose 3.6% over the last 12 months, outstripping the broader inflation rate of 3.2%
Transmission costs and volatile fuel prices are the primary drivers of higher power bills
Residential customers will pay about 16.23 cents/kWh in 2025, up from 15.98 cents/kWh last year
EIA said it expected 2025 residential prices to average 16.11 cents/kWh in 2025. For this year, the government forecaster expects prices to average 15.87 cents/kWh