FUTURE ENERGY COSTS DATA
Siemens Water Technology is tracking energy costs across the United States by reviewing data from the U.S. Energy Information Administration website (www.eia.doe.gov). They have prepared Cost of Power graphs which show the Industrial Power costs for the entire country and each state. This data is updated on a quarterly basis by the EIA and then Siemens updates their graphs. The graph for each state contains the following information:
These costs do vary significantly. The 2030 average power costs for the US, based on a twenty year average is 7.9 cents/kWh. The 2030 US average power cost based on a ten year average is 11.8 cents/kWh. However, if you review the graphs, the increase in power cost has risen faster within the last 5-7 years for Indiana, Ohio, Kentucky and Illinois. As an example, in Indiana, based on the average increase since 2002, power will hit 8 cents/kWh by 2020. The next decade will see a lot of volatility in the power market. The Last Update to this Data was October, 2011. We are including data for the states of Indiana, Kentucky, Ohio and Illinois.
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