Dives Summary:

• The average utility bill for U.S. households will decrease by 2.5% for June through August totaling about $395 for the summer, the U.S. Energy Information Administration (EIA) reports. This is the lowest average in four years.
• Overall higher electricity prices will be offset by a dip in electricity use to meet lower AC demand as the result of forecasted milder summer temperatures. The actual average electricity demand will decrease by 4.6% this summer, while average retail prices will increase by 2.2%.
• Summer utility bills will be lower across the U.S. except for the West South Central region and the Rocky Mountain states where increased electricity prices will outweigh lower power demand.

From the article:
“Wholesale electric power prices have increased significantly from last year's lows, but state retail rate regulation shields customers from price swings in the wholesale power market.”