Electricity prices in the US are capping their worst year ever

Power prices dropped in general due to factors including cheap natural gas. Electricity prices in the US plunged to their lowest levels ever in 2016.

BY NAUREEN S. MALIK, BLOOMBERG

Published: 02.01.17 at 13:21

Electricity prices from Boston to Dallas sank to their lowest levels ever in 2016, presenting new challenges for generators more than a decade after the industry was deregulated.

Power prices plunged this year as cheap natural gas cut fuel costs, and wind and solar alternatives came online. Consumers also used less electricity for the second straight year, despite a summer heat wave, amid an industrial slowdown and growing awareness among households and businesses of ways to boost energy efficiency, according to government estimates.

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