• Natural gas, the source of a third of U.S. energy, is now cheaper because of a rise in gas production, but electricity prices are expected to rise this summer despite the now abundant resources’ 43% price drop in the last year.
• Energy analysts attribute the spike to state-regulated retail electricity rates, imbedded natural gas costs and transmission rates which account for about 40% of customers’ bills.
• Electricity prices are expected to rise 2% this year, with a rate of 12.4 cents per kilowatt hour between June and august, a 2.4% increase from last year.

 From the article:

A plunge in the price of natural gas has made it cheaper for utilities to produce electricity. But the savings aren't translating to lower rates for customers. Instead, U.S. electricity prices are going up. …