The U.S. residential electricity price averaged 11.9 cents per kWh in 2012. EIA expects the average residential price will grow by 1.1 percent in 2013 and by 1.9 percent in 2014. The residential price during the summer months this year (June-August) is expected to average 12.3 cents/kWh, a 2.2-percent increase from the price last summer.