U.S. Retail Electric Rates Rise Faster Than Inflation, Expected to Continue Increasing
According to a report by Lawrence Berkeley National Laboratory (LBNL), U.S. electric rates increased by 2.6% from 2024 to 2025 after adjusting for inflation. Since 2019, residential electricity prices have risen faster than overall inflation but slower than natural gas rates. The data also shows significant regional disparities and a growing gap between residential and commercial/industrial pricing.
Topics: electric rates inflation rate hikes utility regulation