The chart on the left shows that fossil fuels remain one of the most attractively priced electricity source options. However, areas like wind and nuclear have become more competitive, and despite some regional pressures that skew the average, solar prices are trending lower as well. Storage remains a key obstacle for cleaner sources of electricity, but cost is becoming less of a headwind.
The chart on the right shows household utility spending as a share of consumption, which spiked earlier in the pandemic as people were confined to their homes and many began working from home. While this spike has moderated, it still remains above pre-pandemic levels.