EIA: Residential Retail Electric Choice Participation Rate has Leveled Off

In 2021, 26% of eligible U.S. customers participated in their state’s retail choice program, or 13.2 million U.S. residential electric customers, based on EIA’s Annual Electric Power Industry Report data. The participation rate in U.S. residential retail choice programs remained relatively unchanged from 2019 to 2021, following several years of modest growth.  In states with…

Market Snapshot: March 9, 2023

WEATHER: NEAR NORMAL TEMPERATURES THROUGH MID-MARCH HAVE WE HIT THE BOTTOM OF THE NATURAL GAS MARKET? NATURAL GAS MARKET PRICES CREEP HIGHER DESPITE GOOD STORAGE NUMBERS. EIA: NATURAL GAS STORAGE REPORT Electricity: PJM BGE HUB FORWARD POWER PRICING Electricity: PJM AD HUB PRICING 2023 Electricity, which usually runs parallel to Natural Gas in market movement,…

EIA: Electricity Production Costs Increased with fuel Costs in 2021

FEBRUARY 2023: Electricity Insights After adjusting for inflation, costs for major U.S. utilities to produce electricity rose 6% in 2021 due to rising fuel costs. Electricity production costs declined for several years as natural gas prices fell and new low-cost renewable generators came online. However, the cost to deliver electricity across transmission and distribution lines…