There are four categories of electric industry consumers traced by the U.S. Energy Information Administration (EIA); residential, commercial, industrial and transportation.\u00a0 Residential consumers account for the largest share of electric sales at 37.2% with commercial consumers a close second at 35.9%.\u00a0 Industrial consumers account for 26.7% of sales.<\/p>\n
The average monthly electric bill for residential properties in Hawaii was $203.15, the highest in the nation, with New Mexico having the lowest with an average of $74.62 per month.<\/p>\n
Residential consumers generally pay the highest prices and the average retail price in 2012 was 11.88 cents\/kWh.\u00a0 The average price paid by commercial consumers was 10.09 cents\/kWh while industrial consumers paid 6.67 cents per kWh.<\/p>\n
In 2012, the state with the highest average monthly consumption was Louisiana at 1,254 kilowatt-hours and the state with the lowest average monthly consumption was Maine at 531 kilowatt-hours.\u00a0 However, according to EIA over 80% of the homes in the Northeast rely on heating oil for space heating instead of electricity.<\/p>\n
The electric bill is a large part of the residential energy expenditures.\u00a0 Energy efficiency is becoming a top priority for many homeowners.\u00a0 A recent study by NAHB showed home buyer preferences found that nine out of ten buyers would pay a 2 percent to 3 percent premium for a home with energy-efficient features and permanent lower utility bills.<\/p>\n","protected":false},"excerpt":{"rendered":"
There are four categories of electric industry consumers traced by the U.S. Energy Information Administration (EIA); residential, commercial, industrial and transportation.\u00a0 Residential consumers account for the largest share of electric sales at 37.2% with commercial consumers a close second at … Continue reading