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Electricity system daily peak demand hit a new 12-month high in California (CAISO) on September 5.
Wholesale electricity prices reached a new 12-month high in the Southwest (Palo Verde).
The average residential retail price of electricity was up 3.4% from September 2023.
In this section, we look at what electricity costs and how much is purchased. Charges for retail electric service are based primarily on rates approved by state regulators. However, a number of states have allowed retail marketers to compete to serve customers and these competitive retail suppliers offer electricity at a market-based price.
EIA does not directly collect retail electricity rates or prices. However, using data collected on retail sales revenues and volumes, we calculate average retail revenues per kWh as a proxy for retail rates and prices. Retail sales volumes are presented as a proxy for end-use electricity consumption.
Twenty-three states saw an increase in retail sales volume in September 2024 compared to September 2023. Nevada had the highest percent year over year increase in retail sales, up 12.7%, followed by Arizona, up 9.9%, and New Mexico, up 9.2%. Twenty-seven states and the District of Columbia saw a decrease in retail sales volume compared to last year. Massachusetts had the highest percent year over year decrease, down 13.3%, followed by the District of Columbia, down 12.2%, and Maryland, down 11.6%.
Twenty-five states saw a decrease in CDDs compared to last September. In the contiguous US, Vermont had the highest percent year over year decrease, down 94%, followed by Massachusetts, down 78%, and New Hampshire, down 78%. Two states and the District of Columbia had the same number of CDDs as last year. Twenty-two states saw an increase in CDDs from last September. In the contiguous US, Wyoming had the highest percent year over year increase, up 133%, followed by Montana, up 125%, and California, up 122%. Most of the country, thirty-eight states, saw a warmer-than-normal September and thus a higher-than-normal amount of CDDs. Most states in Northeast and Mid-Atlantic saw a cooler-than-normal September and thus a lower-than-normal amount of CDDs.
In this section, we look at the resources used to produce electricity. Generating units are chosen to run primarily on their operating costs, of which fuel costs account for the lion''s share. Therefore, we present below, electricity generation output by fuel type and generator type. Since the generator/fuel mix of utilities varies significantly by region, we also present generation output by region.
Net electricity generation in the United States remained relatively flat, only decreasing by 0.3% compared to September 2023. At the regional level, the Northeast, MidAtlantic, Southeast, and Texas all saw a decrease in electricity generation compared to the previous year. The Central, West, and Florida all saw a year-over-year increase in electricity generation.
Electricity generation from coal decreased in all parts of the country, except the Northeast, compared to September 2023. The change in electricity generation from natural gas was more mixed, with the MidAtlantic, Southeast, Central, West and Florida all seeing an increase in natural gas generation, while the Northeast and Texas all saw a decrease in natural gas generation compared to the previous year.
The chart above compares coal consumption in September 2023 and September 2024 by region and the second tab compares natural gas consumption by region over the same period. Changes in coal and natural gas consumption were similar to their respective changes in coal and natural gas generation.
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