Electricity Prices Up Again in 2012

Residential Energy Costs 2013 with Savenia Logo

According to the EIA, residential electricity prices rose again across the US.  Residents of 75% of states (including DC) saw price increases in 2012, with Utah increasing the fastest at 11% vs. 2011. Other big increases in the 7-8% range were WY, ID, NE, HI, SD, MI and VT.

The most expensive electricity in the US was in Hawaii, where residents paid 37 cents per kilowatt hour, over 3x more than the national average of 12 cents. Next was Alaska and NY who paid 18 cents, followed by the North Eastern states of CT, VT, NH, NJ and CA who all paid 16-17 cents, some 50% more than the national average.

The cheapest electricity rates were found in Louisiana, Idaho and Washington state where residents paid between 8-9 cents.

Electricity makes up a large chunk of household budgets and as most consumers absorb these increases, it’s good to know you can take action to lower your bills by looking at Savenia Labs ratings for energy efficient appliances, light bulbs and other electrical items.  And since electricity to power these products creates air pollution, saving energy is both good for your wallet and good for the environment.

Savenia Labs Energy Ratings use ZIP code based regional energy prices and carbon footprint data to give shoppers the most relevant information to aid their buying decisions.  A coffeemaker that costs $200 to run over 5 years in Maryland will cost over $600 to run in Hawaii, and our ratings and labels reflect this reality for local buyers.

Go in to a participating retailer and take action to reduce your electricity bill on your next purchase.

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