Investor-owned utilities charge 23% more for electricity than public providers

A recent study found that investor-owned utilities charge 23% more for electricity than public providers, with the average residential customer paying $1,300 per year more. This difference is attributed to the higher costs associated with investor-owned utilities, including shareholder profits and executive salaries. The study compared the electricity rates of 40 public and 40 investor-owned utilities across the US. The data analysis revealed that investor-owned utilities have higher costs per megawatt hour, which translates to higher electricity bills for consumers. The study's findings suggest that public utilities are more efficient and have lower costs due to their non-profit nature, which allows them to reinvest savings into the grid rather than distributing profits to shareholders.