U.S. average electricity prices tracked by the Bureau of Labor Statistics remained high through May, though down slightly from their 10-year record reached earlier this year, helped by falling natural gas prices. A decline in gas prices is also expected to drive a significant drop in peak power prices across the U.S., while some parts of the U.S. power sector, like renewable PPAs, have been seeing price increases.
Renewable PPA prices rise, peak power prices expected to plunge: 2023 US power sector price trends
Electricity prices have likely peaked, federal agency data and projections show, but some parts of the U.S. power sector are continuing to see price increases.
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Electricity prices surged 14.3% in 2022, double overall inflation: US report
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