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Keeping the Lights On: The Rising Cost of Electricity in the United States
In 2012, residential consumers paid the highest prices for electricity in the country, on average, at nearly 12 cents per kWh. By contrast, industrial consumers paid an average of only 6.53 cents per ... kWh. Businesses tend to spend less money on electricity, largely because each individual business consumer uses more electricity than the average household, and have better options when it comes to negotiating prices.However, the residential sector consumes more energy than any other segment of the market. Residential households consumed ten million kWh more than the commercial sector, their next closest competitor, in 2012. With nearly half of America's energy production going to residential consumers, the U.S. average price on electricity is much closer to the residential average of 11.74 cents per kWh than the industrial average of 6.53.These numbers, sadly, are expected to rise significantly in the next two decades, for consumers across the board, from the industrial to the residential.
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