Electric bills will cost more in 2019 than ever before.
It is expected to be the highest in at least a decade, with the cost of generating electricity soaring to over $7 per kilowatt hour.
But the price of gas has already increased dramatically.
The average price of a gallon of gas in 2019 will be $2.18.
That’s up from $2 last year and $1.73 in 2020.
Gas is now the second-most expensive commodity, after coal, and has jumped by 40% over the last decade.
So what are the costs of electricity in 2019?
Electricity prices vary by market and generation type, but they are often higher in California and Nevada than in other parts of the country.
For example, the average price for an all-electric home in 2019 is $4,000, compared to $3,500 in 2020 and $2,200 in 2020, according to data from the Bureau of Economic Analysis.
In California, electricity rates rose to $7.95 per kilotons in 2020 from $6.65 per kilogram, and in Nevada they jumped to $6 per kilo.
And the price for electricity in North Dakota fell to $1 a kilowatthour from $3.80 in 2020; it’s still the most expensive in the country, but the state is also the largest consumer of electricity.
This is likely a result of a reduction in coal mining in the state.
There are also changes in the electric grid, including changes in transmission lines, and the federal government’s decision to reduce the price the government charges utilities.
On average, electricity bills in 2019 are expected to reach $8,600, a 17% increase from 2020.
How much do I pay?
While we’re here, here’s a quick look at what it costs to get your electricity.