Electricity is relatively inexpensive in the U.S. today, thanks to the low market price of natural gas, which is the biggest source of power for electrical generation. However, unless you also have plants in the rest of the world, the cost of electrical energy may not be top of mind to you, but you can be sure that in the eyes of your end customers (we consumers), your commitment to sustainability may be the one factor that gains or loses a sale for your business.
Natural gas generated 38.4% of the nation’s electricity in 2019, as reported by the U.S. Energy Information Administration in February. Electrical energy generated by coal accounted for 23.5% of U.S. power generation, while nuclear energy produced 19.7%, and renewables created 17.5% of our electricity.