Bloomberg Law
Sept. 13, 2022, 2:34 PM

US Power Prices Rise Most in 41 Years as Inflation Endures (1)

Naureen S. Malik
Naureen S. Malik
Bloomberg News

August electricity bills for US consumers jumped the most since 1981, gaining 15.8% from the same period a year ago, according to the US Bureau of Labor Statistics.

Natural gas bills, which crept back up last month after dipping in July, surged 33% from the same month last year, labor data released Tuesday showed. Broader energy costs slipped for a second consecutive month because of lower gasoline and fuel oil prices. Even with that drop, total energy costs were still about 24% above August 2021 levels.

Electricity costs are relentlessly climbing because prices for the two biggest power-plant fuels ...