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Between 1929 and 1967, the national average cost of electricity for residential customers plummeted from about 60¢/kWh to 10¢/kWh (in 2005 dollars), and remains around there today. Since 2009 natural gas prices have been relatively low, making efficient natural gas-fired combined-cycle plants increasingly competitive to operate in comparison with existing coal-fired plants, particularly in the Southeast and other regions where they have been used to meet demand formerly served by coal-fired plants.

Pages: 74

Publisher: RAND Corporation (March 28, 2011)

ISBN: 0833052187

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