While pondering your latest electricity bill from your Oklahoma utility, you might be interested in knowing that electricity rates jumped 6.6% over last year on average as of June.
But some states saw increases nearly 4 times that average. consider the average in Maine where rates soared 25.5% or the District of Columbia with an average hike of 23.3%. That’s according to the U.S. Energy Information Administration.
Which group experienced the biggest increases? Yes, residential customers. They were followed by transportation which went up 6.1% and the industrial sector at 5.1%.
A report by Utility Dive attributed some of the blame on increasing natural gas prices. It noted that the EIA expects gas prices to rise to $4/MMBtu this year from $2.20/MMBtu last year.
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