Electricity sales revenue in the U.S. 1970-2023

In 2023, retail sales of electricity in the United States generated a revenue of 491 billion U.S. dollars, a year-over-year increase of nearly 16 percent. In comparison to the beginning of the century, the sector's revenue more than doubled. 

Electricity demand in the U.S.

Annual retail electricity sales in the U.S. have increased by almost 90 percent in the past forty years, recently reaching around 3.9 petawatt-hours. The industrial sector's electricity demand decreased in 2023, the first time it had done so since 2020.

How is electricity generated in the U.S.?

Fossil fuels are vital resources in the United States' electricity mix. For many decades, coal was the largest source of electricity in the North American country, accounting for more than two petawatt-hours generated in 2005. Since then, however, the contribution of coal has continually decreased, losing its leading position to natural gas. In the last decade, the participation of renewable sources has also increased, surpassing that of coal for the first time in 2020. In addition, renewable sources accounted for over 70 percent of electricity capacity additions in the U.S. in 2022.