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Electric Power Annual

With Data for 2024 Release Date: October 16, 2025 Next Release: October 2026 full report PDF
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SAS Output
Table 8.4. Average Power Plant Operating Expenses for Major U.S. Investor-Owned Electric Utilities, 2014 through 2024 (Mills per Kilowatthour)

  Operation Maintenance
Year Nuclear Fossil Steam Hydro-electric
Gas Turbine and Small Scale		 Nuclear Fossil Steam Hydro-electric
Gas Turbine and Small Scale
2014 12.41 4.55 7.30 2.63 6.67 5.11 4.59 2.90
2015 11.17 5.16 8.37 2.34 7.06 5.41 5.06 2.68
2016 10.90 5.05 6.65 2.49 7.01 5.53 4.34 2.74
2017 10.27 5.01 6.33 2.45 6.63 5.13 3.96 2.83
2018 10.78 5.19 6.69 2.37 5.93 5.27 3.96 2.71
2019 10.63 5.52 6.86 2.58 6.29 6.85 3.94 2.64
2020 10.05 6.40 7.72 2.38 5.78 5.60 5.00 2.51
2021 10.55 5.70 7.98 2.12 5.88 5.32 4.33 2.28
2022 10.51 6.75 7.68 2.20 6.10 5.09 4.76 2.36
2023 9.52 6.48 9.18 2.16 6.36 5.61 5.53 2.12
2024 9.87 6.98 8.97 2.25 6.84 5.81 6.10 2.11

 

  Fuel Total
Year Nuclear Fossil Steam Hydro-electric
Gas Turbine and Small Scale		 Nuclear Fossil Steam Hydro-electric
Gas Turbine and Small Scale
2014 7.71 29.39 -- 37.06 26.79 39.04 11.90 42.60
2015 7.48 26.70 -- 28.22 25.71 37.26 13.42 33.24
2016 7.45 25.50 -- 24.97 25.36 36.08 10.98 30.19
2017 7.47 25.27 -- 26.48 24.38 35.41 10.29 31.76
2018 7.15 25.40 -- 27.35 23.86 35.86 10.65 32.43
2019 6.81 24.28 -- 23.11 23.73 36.66 10.80 28.33
2020 6.10 22.87 -- 19.65 21.92 34.86 12.71 24.55
2021 6.31 24.64 -- 25.78 22.74 35.66 12.30 30.18
2022 6.12 32.04 -- 38.72 22.73 43.88 12.44 43.28
2023 6.12 30.58 -- 22.19 22.00 42.67 14.71 26.47
2024 6.37 28.52 -- 18.59 23.08 41.32 15.07 22.95

Hydroelectric category consists of both conventional hydroelectric and pumped storage.
Gas Turbine and Small Scale category consists of gas turbine, internal combustion, photovoltaic, and wind plants.
Notes: Expenses are average expenses weighted by net generation. A mill is a monetary cost and billing unit equal to 1/1000 of the U.S. dollar (equivalent to 1/10 of one cent).
Total may not equal sum of components due to independent rounding.
Sources: Federal Energy Regulatory Commission, FERC Form 1, "Annual Report of Major Electric Utilities, Licensees and Others via Ventyx Global Energy Velocity Suite.

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