Transcribed

Keeping the Lights On: The Rising Cost of Electricity in the United States

KEEPING THE LIGHTS ON: THE RISING COST OF ELECTRICITY IN THE UNITED STATES The price of electricity can vary widely depending upon where you live in the United States. In addition to the cost of producing electricity, there are some interesting factors that come into play: weather, coal and natural gas prices, power plant outages, snowpack and streamflow (for hydropower) can all impact how much energy costs in your area. THE AVERAGE COST OF ELECTRICITY 74 11.74 CENTS PER KWH IN THE UNITED STATES THE TOP FIVE MOST EXPENSIVE STATES THE TOP FIVE LEAST EXPENSIVE STATES HAWAII LOUISIANA 36.72 8.38 cents cents VERMONT IDAHO 19.97 8.47 cents cents CONNECTICUT WASHINGTON 17.83 8.61 cents cents NEW YORK NORTH DAKOTA 17.26 8.62 cents cents ALASKA MISSOURI 17.07 9.11 cents cents Source: Dept of Energy (EIA.gov) Nov 2012 THE TOP FIVE MOST EXPENSIVE COUNTRIES LEAST EXPENSIVE COUNTRIES THE TOP FIVE SOLOMON ISLANDS BHUTAN 85.00 3.14 cents cents TONGA UKRAINE 57.95 3.50 cents cents DENMARK UZBEKISTAN 40.38 4.95 cents cents BRAZIL 34.18 RUSSIA 5.64 cents cents GERMANY ARGENTINA 3141 5.74 cents cents * denotes government subsidized. Source: Wikipedia Feb 2013 U.S. ELECTRICITY GENERATION BY FUEL SOURCE WIND OTHER 4.0% 2.8% 5.9% OTHER RENEWABLES COAL 37.8% HYDROELECTRIC CONVENTIONAL 6.5% NUCLEAR 19.3% NATURAL GAS 23.7% Source: Dept of Energy (EIA.gov) Dec 2012 LARGEST CHANGES IN FUEL SOURCE OVER THE PAST 10 YEARS RENEWABLES |-177% NATURAL GAS |-78% COAL -22% PETROLEUM LIQUIDS Source: Dept of Energy (EIA.gov) Dec 2012 EXPECTED ELECTRICITY PRICE INCREASE OVER THE NEXT 10 YEARS: *21% •51% EXPECTED ELECTRICITY PRICE INCREASE OVER THE NEXT 20 YEARS: WE ALL DON'T PAY THE SAME PRICE FOR ELECTRICITY SECTOR SALES AVG PRICE (million kWh) (cents per kWh) RESIDENTIAL 113,791 11.74 88'6 6.53 COMMERCIAL 103,551 INDUSTRIAL 77,698 TRANSPORTATION 632 10.30 ALL SECTORS 295,673 9.58 Source: Dept of Energy (EIA.gov) Nov 2012 oransi T TASTY PLACEMENT

Keeping the Lights On: The Rising Cost of Electricity in the United States

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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.