RSS feed source: US Energy Information Administration

In-depth analysis

May 14, 2025

Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.

Overall, U.S. energy prices rapidly increased from 2020 to 2022 as economic activity recovered after the worst of the pandemic and Russia’s invasion of Ukraine interrupted energy supply chains. Since 2022, nominal prices for many fuels have declined, particularly for those such as gasoline and heating oil that are tied more closely to crude oil prices, which are affected by international markets. Electricity prices, though, have continued a steady increase.

Regions with already high electricity prices may see larger increases

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RSS feed source: US Energy Information Administration

In-brief analysis

May 13, 2025

In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.

U.S. electricity consumption was essentially flat for nearly two decades. Electricity demand increases generally associated with population growth and economic growth were offset by efficiency improvements and other structural changes in the economy, such as the transition from manufacturing to service sectors that tend to consume less energy. Total electricity consumption includes sales to ultimate customers in the residential, commercial, and industrial

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RSS feed source: US Energy Information Administration

In-brief analysis

May 12, 2025

The average electric monthly bill for U.S. residential customers was $144 in 2024, but average costs for customers in some states were much higher or lower. Customers in states such as Hawaii and Connecticut, where retail electricity prices are relatively high, paid more than $200 per month for electricity, or more than twice as much as customers in states such as New Mexico and Utah.

Monthly electricity bills are the product of two factors: retail electricity prices and the amount of grid-delivered electricity that customers consume. Although we do not directly survey retail electricity prices or bills in our monthly electricity surveys, we estimate bills by dividing the utilities’ revenue from residential customers by the number of residential customers. Similarly, we estimate retail prices by dividing utility revenue from residential customers by

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RSS feed source: US Energy Information Administration

In-brief analysis

May 7, 2025

Data source: FracFocus
Note: To calculate the number of wells completed per location, we grouped wells within a 50-foot radius into single locations. We then identified wells completed by their completion start and end dates, counting concurrent completions when their completion periods overlapped.

We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing multiple wells at once rather than sequentially, operators can accelerate their production timeline and reduce their cost per well. The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies.

Using data from FracFocus to estimate simultaneous

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