Utility Dive•about 1 month ago
Average US electricity prices rose 9% year over year in February: EIA
- •US average electricity prices rose by 9% year-over-year in February, indicating a broad upward trend in retail power costs.
- •Key states within the PJM footprint, including Virginia (+26.3%), Ohio (+21.9%), and Pennsylvania (+19.5%), experienced significantly higher retail rate increases.
- •These rising retail rates directly increase operational expenditures for large power consumers like datacenters and industrial facilities, driving demand for cost-mitigation strategies.
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