10’000 Hours/DigitalVision/Getty images
Why trust SaveOnEnergy?Learn More
At SaveOnEnergy, we work to offer accurate information with editorial integrity. Our partners do not direct our editorial content, though we may reference their products in our posts. Read more about how we make money.
- Utility bills increased by about 16% in the U.S. from August 2021 to August 2022.
- The average electricity bill for households in the U.S. rose from $0.147 kWh in January 2022 to $0.168 per kWh in January 2023.
- Energy prices aren’t likely to decrease, but the rapid increase from 2021 to 2022 may slow in 2023.
- Factors outside the price of commodities and crude oil influence energy prices.