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Short Term Energy Outlook for Dec 2014

The Energy Information Administration (a Division of the U.S. Department of Energy) has published its most recent Short Term Energy Outlook dated December 9, 2014.

This post provides some of the electricity rate information, illustrations, and projections from that report.

An excerpt from that report (and corresponding graph):

The Energy Information Administration expects the U.S. residential price to average 12.5 cents per kilowatthour in 2014, which is 3.0% higher than the average last year. Prices increase in all regions of the country except along the Pacific Coast. Average U.S. residential electricity prices grow at a slower rate of 1.7% in 2015.


US Residential Electricity Rates

Residential Rate History and 2015 Projection

It’s worth noting the average residential electricity rate in Texas is lower than the current national average which is close to 13 cents per kWh.

The Texas average residential electricity rate is currently around 11.9 cents per kWh.

At this site, at the time of this post, you’ll find rates available for less than even Texas’ average.

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