April 28, 2018

The highs and lows of American electricity

Last month, the U.S. Chamber of Commerce’s Global Energy Institute published its annual assessment of state electricity prices. Prices in many states fell last year, according to data from the Energy Information Administration, but the reality is one of high retail prices for coastal elites and cheap power for those with abundant natural resources. But by other measures, “expensive” states to live in also have some of the most affordable power in the country. It’s a paradox: Some states have low electricity prices but residents pay more to power their homes, and others have high prices and low consumer bills. But the occurrence of high prices paired with high bills is rare.