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| Date of Latest Data: 2006 Report Released: November 2007 Next Release Date: November 2008 Electric Sales, Revenue, and Average Price 2006 In 2006, the average retail price for all customers rose to 8.9 cents per kWh, a sharp increase of three-fourths of a cent from the 2005 price level. The 9.3 percent increase was the largest since 1981. Fourteen States and the District of Columbia saw the average price of electricity rise by 10 percent or more from 2005 to 2006. Prices increased in all regions of the country but most of the larger increases occurred in the East. Another 14 States saw increases between 5 and 10 percent between 2005 and 2006. States with restructuring programs such as Maryland and Delaware had portions of their retail electricity price caps lifted in 2006, contributing to significant price hikes. Average industrial prices increased to 6.2 cents per kWh, or 7.5 percent above 2005. Average commercial prices increased to 9.5 cents per kWh, a 9.1 percent increase. In Texas, where the largest volume of industrial sales on a State level occurs, industrial prices increased almost 10 percent. About two-thirds of the industrial market in Texas is now served by energy service providers. Of the remaining one-third, investor-owned utilities served 17.1 percent; distribution cooperatives served 7.5 percent, and municipal utilities 6.2 percent. In the six New England States, average industrial prices increased more than 28 percent. Residential prices increased to 10.4 cents per kWh, almost a cent, or 10.1 percent, between 2005 and 2006. Average residential prices rose sharply in New England and the West South Central Census Divisions as Connecticut and Texas had large price increases for the second year in a row. Delaware had the highest average residential price increase at almost 30 percent. Total retail sales of electricity in 2006 were 3,670 million MWh. Annual growth in electricity sales in 2006 was 0.2 percent, showing virtually no growth compared with the 1.8 percent average annual growth since 1995. Sales to the residential sector decreased by 0.6 percent from 2005 to 2006. This marks only the second time residential sales decreased since 1974. Sales to the commercial sector increased by 1.9 percent, and sales to the industrial sector decreased 0.8 percent. Total retail sales increased by more than 5 percent in five States, led by West Virginia, which showed a 7.2 percent increase. Sales fell in 18 States, including both Maryland and New York where sales decreased by over 5 percent.
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