Author: Abt Associates Inc.

Date Created: 4/1/2009

Date Modified: 5/10/2011

Purpose: Contains adjustment factors based on Annual Energy Outlook 2009 (AEO2009).

File Contents:

Worksheet Contents

Rates Contains adjustment factors based on Annual Energy Outlook 2009 (AEO2009).

aeo2009 Contains data pull (Table 3. Energy Prices by Sector and Source (2007 dollars per million Btu, 

unless otherwise noted).

DataPullInfo Contains data pull information.

Input Files:

External data used in calculations/analysis:

None
Date Released: March, 2009

Date Downloaded: 4/1/2009

Created by: Department of Energy; Energy Information Administration.

Data Sources: http://www.eia.doe.gov/oiaf/aeo/excel/aeotab_3.xls

Description: Table 3. Energy Prices by Sector and Source (2007 dollars per million Btu, unless otherwise noted)
Report #:DOE/EIA-0383(2009)

Release date: March 2009

Next release date, early release: November 2009

 Table 3. Energy Prices by Sector and Source

 (2007 dollars per million Btu, unless otherwise noted)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

 Residential

 Liquefied Petroleum Gases 23.88 24.98 28.38 22.35 25.86 27.49 29.38 30.39 31.49 32.23 32.50 32.63 32.75

 Distillate Fuel Oil 18.46 19.66 23.80 18.34 18.69 19.92 21.54 22.07 22.93 23.59 23.78 23.82 23.89

 Natural Gas 13.70 12.69 13.02 11.69 12.09 12.00 12.03 11.95 11.94 11.98 12.07 12.24 12.42

 Electricity 31.21 31.19 32.34 32.42 30.89 31.40 31.45 31.70 31.69 31.77 31.86 32.03 32.26

 Commercial

 Liquefied Petroleum Gases 21.20 23.04 23.60 18.68 22.69 24.30 26.18 27.18 28.27 29.00 29.26 29.38 29.49

 Distillate Fuel Oil 15.02 16.05 20.84 16.06 16.15 17.67 19.31 20.01 20.97 21.64 21.78 21.81 21.92

 Residual Fuel 8.88 10.21 13.36 6.76 10.97 12.34 13.93 14.68 15.54 16.12 16.35 16.48 16.61

 Natural Gas 11.90 10.99 11.52 10.17 10.55 10.49 10.56 10.48 10.50 10.57 10.67 10.83 11.03

 Electricity 28.38 28.07 29.56 29.58 27.29 27.43 27.16 27.13 27.03 27.13 27.25 27.40 27.67

 Industrial 1/

 Liquefied Petroleum Gases 21.04 23.38 25.52 18.77 21.84 23.45 25.34 26.35 27.45 28.19 28.45 28.57 28.68

 Distillate Fuel Oil 15.74 16.82 21.81 16.71 16.01 18.00 19.57 20.39 21.43 22.10 22.21 22.25 22.39

 Residual Fuel Oil 9.21 10.49 13.69 7.00 15.38 16.57 18.20 18.97 19.85 20.43 20.62 20.71 20.81

 Natural Gas 2/ 7.96 7.52 8.96 6.62 6.91 6.85 6.93 6.89 6.93 7.01 7.10 7.24 7.41

 Metallurgical Coal 3.64 3.61 4.06 4.51 4.37 4.35 4.37 4.38 4.39 4.40 4.40 4.40 4.40

 Other Industrial Coal 2.40 2.43 2.56 2.56 2.54 2.57 2.58 2.57 2.57 2.57 2.55 2.54 2.54

 Coal to Liquids - - - - - - - - - - 1.36 1.24 1.15 1.28 1.21 1.21 1.21 1.22

 Electricity 18.41 18.63 20.71 20.65 18.72 18.64 18.43 18.37 18.26 18.33 18.43 18.55 18.73

 Transportation

 Liquefied Petroleum Gases 3/ 22.30 25.01 28.46 22.47 25.67 27.29 29.20 30.21 31.30 32.03 32.28 32.41 32.52

 E85 4/ 25.51 26.67 33.85 33.59 25.47 27.24 28.63 29.69 26.32 25.51 26.26 28.49 28.82

 Motor Gasoline 5/ 21.78 22.98 26.49 18.86 23.47 24.99 26.23 27.01 27.99 28.74 29.02 29.24 29.45

 Jet Fuel 6/ 15.24 16.10 22.04 14.63 16.03 17.70 19.26 20.02 20.91 21.48 21.70 21.85 21.96

 Diesel Fuel (distillate fuel oil) 7/ 20.27 20.92 27.14 19.17 20.05 21.68 23.22 24.07 25.10 25.74 25.80 25.81 25.94

 Residual Fuel Oil 8.21 9.35 13.74 7.90 12.10 13.37 14.94 15.66 16.50 17.08 17.28 17.37 17.42

 Natural Gas 8/ 16.04 15.46 17.02 14.60 14.90 14.83 14.85 14.72 14.69 14.72 14.75 14.84 14.96

 Electricity 30.39 30.64 34.18 33.85 30.34 30.52 30.51 30.39 30.16 30.17 29.87 29.45 29.40

 Electric Power 9/

 Distillate Fuel Oil 13.77 14.77 19.05 14.61 15.09 16.25 17.87 18.40 19.25 19.90 20.09 20.13 20.22

 Residual Fuel Oil 8.38 8.38 13.77 8.01 13.21 14.47 16.06 16.79 17.63 18.19 18.37 18.44 18.51

 Natural Gas 7.05 7.02 9.18 6.32 6.59 6.55 6.70 6.60 6.62 6.72 6.82 6.95 7.13

 Steam Coal 1.74 1.78 1.94 1.92 1.89 1.90 1.92 1.92 1.93 1.94 1.93 1.92 1.92

 Average Price to All Users 10/

 Liquefied Petroleum Gases 15.66 18.53 19.59 17.70 20.96 22.46 24.17 25.10 26.11 26.83 27.09 27.27 27.42

 E85 4/ 25.51 26.67 33.85 33.59 25.47 27.24 28.63 29.69 26.32 25.51 26.26 28.49 28.82

 Motor Gasoline 5/ 21.65 22.82 26.32 18.92 23.47 24.99 26.23 27.01 27.99 28.74 29.02 29.24 29.45

 Jet Fuel 15.24 16.10 22.04 14.63 16.03 17.70 19.26 20.02 20.91 21.48 21.70 21.85 21.96

 Distillate Fuel Oil 19.17 19.94 25.70 18.55 18.98 20.63 22.29 23.20 24.23 24.89 24.99 25.01 25.14

 Residual Fuel Oil 8.42 9.25 13.72 7.75 12.66 13.89 15.48 16.22 17.07 17.64 17.83 17.92 17.98
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

 Natural Gas 9.50 9.01 10.34 8.24 8.56 8.51 8.59 8.53 8.56 8.64 8.73 8.87 9.05

 Metallurgical Coal 3.64 3.61 4.06 4.51 4.37 4.35 4.37 4.38 4.39 4.40 4.40 4.40 4.40

 Other Coal 1.78 1.82 1.98 1.96 1.93 1.94 1.96 1.96 1.97 1.98 1.96 1.95 1.95

 Coal to Liquids - - - - - - - - - - 1.36 1.24 1.15 1.28 1.21 1.21 1.21 1.22

 Electricity 26.68 26.70 28.21 28.28 26.42 26.62 26.45 26.47 26.43 26.53 26.65 26.81 27.06

Non-Renewable Energy Expenditures by Sector

(billion 2007 dollars)

 Residential 231.09 238.38 ##### 239.19 235.27 239.42 242.78 242.60 244.30 246.49 249.23 252.19 256.43

 Commercial 170.28 173.09 ##### 178.36 172.88 176.61 178.35 180.50 183.18 186.98 190.75 194.86 199.61

 Industrial 216.13 226.84 ##### 205.26 204.25 215.26 230.24 237.37 242.09 244.30 244.32 244.57 244.90

 Transportation 564.63 596.75 ##### 484.89 580.97 634.87 677.01 700.66 722.29 735.45 740.87 745.70 749.31

 Total Non-Renewable Expenditures ###### ###### ##### ###### 1193.36 1266.16 1328.38 1361.14 1391.85 1413.22 1425.18 1437.32 1450.26

 Transportation Renewable Expenditures 0.03 0.04 0.04 0.02 0.07 0.08 0.09 0.10 4.65 8.97 11.87 14.38 18.51

 Total Expenditures ###### ###### ##### ###### 1193.43 1266.24 1328.47 1361.24 1396.50 1422.19 1437.04 1451.71 1468.77

Prices in Nominal Dollars

 Residential

 Liquefied Petroleum Gases 23.26 24.98 29.07 23.30 27.24 29.35 31.91 33.69 35.65 37.30 38.45 39.47 40.51

 Distillate Fuel Oil 17.98 19.66 24.37 19.11 19.68 21.27 23.39 24.46 25.96 27.29 28.13 28.81 29.54

 Natural Gas 13.34 12.69 13.33 12.18 12.74 12.81 13.06 13.24 13.51 13.86 14.28 14.80 15.37

 Electricity 30.39 31.19 33.12 33.79 32.53 33.52 34.16 35.13 35.88 36.77 37.69 38.74 39.91

 Commercial

 Liquefied Petroleum Gases 20.64 23.04 24.17 19.47 23.89 25.94 28.43 30.13 32.00 33.55 34.61 35.54 36.48

 Distillate Fuel Oil 14.63 16.05 21.34 16.74 17.01 18.86 20.97 22.18 23.74 25.03 25.77 26.39 27.11

 Residual Fuel 8.65 10.21 13.68 7.05 11.55 13.17 15.12 16.27 17.59 18.65 19.34 19.93 20.55

 Natural Gas 11.58 10.99 11.80 10.60 11.11 11.20 11.47 11.62 11.88 12.22 12.62 13.10 13.64

 Electricity 27.63 28.07 30.27 30.83 28.74 29.29 29.50 30.07 30.60 31.39 32.24 33.14 34.22

 Industrial 1/

 Liquefied Petroleum Gases 20.49 23.38 26.13 19.56 23.00 25.04 27.52 29.21 31.08 32.62 33.66 34.56 35.47

 Distillate Fuel Oil 15.32 16.82 22.33 17.42 16.86 19.22 21.25 22.60 24.26 25.57 26.28 26.91 27.69

 Residual Fuel Oil 8.97 10.49 14.02 7.29 16.20 17.69 19.77 21.03 22.47 23.64 24.40 25.06 25.74

 Natural Gas 2/ 7.75 7.52 9.18 6.90 7.27 7.31 7.53 7.64 7.84 8.11 8.39 8.75 9.17

 Metallurgical Coal 3.54 3.61 4.15 4.70 4.60 4.64 4.74 4.86 4.97 5.09 5.21 5.32 5.44

 Other Industrial Coal 2.34 2.43 2.62 2.67 2.67 2.74 2.80 2.85 2.91 2.98 3.02 3.08 3.14

 Coal to Liquids - - - - - - - - - - 1.45 1.35 1.27 1.45 1.40 1.44 1.46 1.51

 Electricity 17.93 18.63 21.21 21.52 19.72 19.90 20.02 20.36 20.67 21.20 21.81 22.44 23.17

 Transportation

 Liquefied Petroleum Gases 3/ 21.71 25.01 29.14 23.42 27.04 29.13 31.72 33.48 35.43 37.06 38.20 39.20 40.22

 E85 4/ 24.84 26.67 34.66 35.01 26.83 29.08 31.09 32.90 29.79 29.51 31.06 34.46 35.65

 Motor Gasoline 5/ 21.21 22.98 27.13 19.66 24.72 26.68 28.49 29.94 31.69 33.26 34.33 35.37 36.43

 Jet Fuel 6/ 14.84 16.10 22.57 15.24 16.89 18.90 20.92 22.18 23.67 24.86 25.68 26.43 27.16

 Diesel Fuel (distillate fuel oil) 7/ 19.74 20.92 27.79 19.98 21.12 23.14 25.22 26.67 28.41 29.78 30.52 31.22 32.09

 Residual Fuel Oil 7.99 9.35 14.07 8.24 12.74 14.27 16.23 17.36 18.68 19.76 20.44 21.00 21.55

 Natural Gas 8/ 15.62 15.46 17.43 15.21 15.69 15.83 16.13 16.32 16.63 17.03 17.46 17.96 18.50

 Electricity 29.59 30.64 35.00 35.28 31.95 32.58 33.13 33.68 34.14 34.91 35.34 35.62 36.36

 Electric Power 9/

 Distillate Fuel Oil 13.41 14.77 19.51 15.22 15.89 17.35 19.41 20.40 21.79 23.03 23.77 24.35 25.01

 Residual Fuel Oil 8.16 8.38 14.10 8.35 13.91 15.45 17.44 18.61 19.95 21.05 21.73 22.31 22.89

 Natural Gas 6.87 7.02 9.40 6.59 6.94 6.99 7.27 7.32 7.50 7.77 8.06 8.41 8.82
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

 Steam Coal 1.69 1.78 1.99 2.00 1.99 2.03 2.08 2.13 2.19 2.25 2.28 2.32 2.37

 Average Price to All Users 10/

 Liquefied Petroleum Gases 15.25 18.53 20.06 18.45 22.07 23.98 26.25 27.82 29.56 31.04 32.06 32.98 33.92

 E85 4/ 24.84 26.67 34.66 35.01 26.83 29.08 31.09 32.90 29.79 29.51 31.06 34.46 35.65

 Motor Gasoline 5/ 21.08 22.82 26.96 19.72 24.71 26.68 28.49 29.93 31.69 33.25 34.33 35.37 36.42

 Jet Fuel 14.84 16.10 22.57 15.24 16.89 18.90 20.92 22.18 23.67 24.86 25.68 26.43 27.16

 Distillate Fuel Oil 18.67 19.94 26.32 19.34 19.99 22.02 24.21 25.71 27.43 28.80 29.56 30.25 31.09

 Residual Fuel Oil 8.20 9.25 14.05 8.07 13.34 14.83 16.82 17.98 19.33 20.41 21.09 21.67 22.24

 Natural Gas 9.25 9.01 10.58 8.59 9.01 9.09 9.33 9.46 9.69 10.00 10.33 10.73 11.19

 Metallurgical Coal 3.54 3.61 4.15 4.70 4.60 4.64 4.74 4.86 4.97 5.09 5.21 5.32 5.44

 Other Coal 1.73 1.82 2.03 2.04 2.04 2.08 2.13 2.17 2.23 2.29 2.32 2.36 2.42

 Coal to Liquids - - - - - - - - - - 1.45 1.35 1.27 1.45 1.40 1.44 1.46 1.51

 Electricity 25.98 26.70 28.89 29.47 27.82 28.42 28.72 29.34 29.92 30.69 31.53 32.42 33.47

Non-Renewable Energy Expenditures by Sector

(billion nominal dollars)

 Residential 225.03 238.38 ##### 249.30 247.78 255.62 263.66 268.89 276.54 285.21 294.87 305.04 317.19

 Commercial 165.82 173.09 ##### 185.90 182.07 188.56 193.69 200.06 207.35 216.35 225.69 235.70 246.90

 Industrial 210.46 226.84 ##### 213.93 215.12 229.83 250.03 263.09 274.03 282.68 289.06 295.83 302.93

 Transportation 549.82 596.75 ##### 505.37 611.87 677.82 735.22 776.58 817.61 850.99 876.53 901.97 926.85

 Total Non-Renewable Expenditures ###### ###### ##### ###### 1256.84 1351.83 1442.60 1508.62 1575.54 1635.24 1686.15 1738.53 1793.87

 Transportation Renewable Expenditures 0.03 0.04 0.04 0.02 0.07 0.08 0.10 0.12 5.26 10.38 14.04 17.40 22.89

 Total Expenditures ###### ###### ##### ###### 1256.91 1351.91 1442.71 1508.74 1580.80 1645.62 1700.19 1755.93 1816.77

 1/ Includes energy for combined heat and power plants, except those whose primary business is to sell electricity, or electricity and heat, to the public.

 2/ Excludes use for lease and plant fuel.

 3/ Includes Federal and State taxes while excluding county and local taxes.

 4/ E85 refers to a blend of 85 percent ethanol (renewable) and 15 percent motor gasoline (nonrenewable). To address cold starting issues, the percentage of ethanol varies

seasonally. The annual average ethanol content of 74 percent is used for this forecast.

 5/ Sales weighted-average price for all grades. Includes Federal, State, and local taxes.

 6/ Kerosene-type jet fuel. Includes Federal and State taxes while excluding county and local taxes.

 7/ Diesel fuel for on-road use. Includes Federal and State taxes while excluding county and local taxes.

 8/ Compressed natural gas used as a vehicle fuel. Includes estimated motor vehicle fuel taxes and estimated dispensing costs or charges.

 9/ Includes electricity-only and combined heat and power plants whose primary business is to sell electricity, or electricity and heat, to the public.

 10/ Weighted averages of end-use fuel prices are derived from the prices shown in each sector and the corresponding sectoral consumption.

 Btu = British thermal unit.

 - - = Not applicable.

 Note: Data for 2006 and 2007 are model results and may differ slightly from official EIA data reports.

 Sources: 2006 and 2007 prices for motor gasoline, distillate fuel oil, and jet fuel are based on prices in the Energy Information Administration (EIA), Petroleum Marketing Annual

2007, DOE/EIA-0487(2007) (Washington, DC, August 2008). 2006 residential and commercial natural gas delivered prices: EIA, Natural Gas Annual 2006, DOE/EIA-0131(2006)

(Washington, DC, October, 2007). 2007 residential and commercial natural gas delivered prices: EIA, Natural Gas Monthly, DOE/EIA-0130(2008/04) (Washington, DC, April 2008).

2006 and 2007 industrial natural gas delivered prices are estimated based on: EIA, Manufacturing Energy Consumption Survey 1994 and industrial and wellhead prices from the

Natural Gas Annual 2006, DOE/EIA-0131(2006) (Washington, DC, October, 2007) and the Natural Gas Monthly, DOE/EIA-0130(2008/04) (Washington, DC, April 2008). 2006

transportation sector natural gas delivered prices are based on: EIA, Natural Gas Annual 2006, DOE/EIA-0131(2006) (Washington, DC, October, 2007) and estimated State taxes,

Federal taxes, and dispensing costs or charges. 2007 transportation sector natural gas delivered prices are model results. 2006 and 2007 electric power sector natural gas prices:

EIA, Electric Power Monthly, April 2007 and April 2008, Table 4.13.B. 2006 and 2007 coal prices based on: EIA, Quarterly Coal Report, October-December 2007,

DOE/EIA-0121(2007/4Q) (Washington, DC, March 2008) and EIA, AEO2009 National Energy Modeling System run aeo2009.d120908a. 2006 and 2007 electricity prices: EIA, Annual

Energy Review 2007, DOE/EIA-0384(2007) (Washington, DC, June 2008). 2006 and 2007 E85 prices derived from monthly prices in the Clean Cities Alternative Fuel Price Report.

Projections: EIA, AEO2009 National Energy Modeling System run aeo2009.d120908a.
2007-

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2030

32.94 32.88 33.09 33.31 33.10 33.24 33.43 33.61 33.99 34.38 34.59 35.11 1.5%

24.04 24.10 24.20 24.39 24.29 24.59 24.84 25.06 25.36 25.89 26.25 26.67 1.3%

12.59 12.50 12.28 12.32 12.40 12.75 13.07 13.34 13.65 13.89 14.11 14.31 0.5%

32.53 32.72 32.68 32.80 33.04 33.48 34.05 34.51 34.91 35.28 35.55 35.84 0.6%

29.67 29.60 29.80 30.02 29.80 29.94 30.12 30.30 30.66 31.05 31.25 31.77 1.4%

22.05 22.11 22.24 22.51 22.44 22.74 23.06 23.32 23.42 24.02 24.47 24.69 1.9%

16.81 16.68 16.90 17.08 16.82 16.96 17.07 17.20 17.39 17.59 17.77 17.98 2.5%

11.20 11.13 10.92 10.98 11.06 11.43 11.74 12.01 12.31 12.55 12.76 12.96 0.7%

27.98 28.15 28.04 28.08 28.27 28.70 29.23 29.67 30.07 30.47 30.72 31.01 0.4%

28.86 28.78 29.03 29.22 29.02 29.16 29.35 29.51 29.87 30.25 30.46 30.99 1.2%

22.52 22.56 22.72 23.03 23.00 23.31 23.68 23.97 23.94 24.59 25.11 25.19 1.8%

20.95 20.94 21.06 21.26 21.07 21.26 21.43 21.57 21.87 22.17 22.37 22.73 3.4%

7.56 7.48 7.28 7.33 7.38 7.71 7.99 8.27 8.53 8.76 8.91 9.07 0.8%

4.40 4.40 4.42 4.47 4.51 4.53 4.55 4.56 4.56 4.53 4.48 4.41 0.9%

2.53 2.53 2.53 2.53 2.54 2.55 2.57 2.59 2.61 2.63 2.65 2.67 0.4%

1.23 1.23 1.24 1.27 1.30 1.30 1.31 1.32 1.33 1.33 1.35 1.36 - -

18.96 19.06 18.99 19.08 19.29 19.65 20.09 20.46 20.81 21.12 21.33 21.59 0.6%

32.70 32.62 32.82 33.03 32.81 32.94 33.13 33.30 33.67 34.05 34.25 34.77 1.4%

29.09 29.30 29.45 29.45 29.42 29.54 29.75 29.90 29.90 30.07 29.82 30.10 0.5%

29.60 29.75 29.99 30.27 30.21 30.40 30.67 30.93 31.18 31.57 31.77 32.10 1.5%

22.20 22.15 22.28 22.49 22.44 22.68 22.98 23.23 23.44 23.98 24.39 24.63 1.9%

26.01 26.04 26.22 26.54 26.50 26.87 27.16 27.45 27.38 28.04 28.55 28.59 1.4%

17.55 17.46 17.62 17.80 17.77 17.93 18.13 18.30 18.68 19.02 19.27 19.65 3.3%

15.05 14.90 14.63 14.66 14.70 15.01 15.28 15.50 15.75 15.94 16.10 16.24 0.2%

29.52 29.48 29.32 29.55 30.08 30.81 31.63 32.23 32.78 33.32 33.70 34.15 0.5%

20.38 20.45 20.60 20.81 20.74 21.03 21.28 21.51 21.82 22.34 22.70 23.11 2.0%

18.64 18.55 18.75 18.93 18.89 19.06 19.26 19.42 19.74 20.07 20.32 20.67 4.0%

7.27 7.15 6.96 7.04 7.12 7.46 7.73 7.99 8.24 8.45 8.57 8.70 0.9%

1.92 1.92 1.92 1.93 1.93 1.94 1.96 1.97 1.98 2.00 2.02 2.04 0.6%

27.61 27.56 27.71 28.01 27.80 27.94 28.13 28.32 28.69 29.06 29.28 29.77 2.1%

29.09 29.30 29.45 29.45 29.42 29.54 29.75 29.90 29.90 30.07 29.82 30.10 0.5%

29.59 29.75 29.99 30.26 30.21 30.39 30.67 30.93 31.18 31.57 31.77 32.10 1.5%

22.20 22.15 22.28 22.49 22.44 22.68 22.98 23.23 23.44 23.98 24.39 24.63 1.9%

25.24 25.28 25.45 25.77 25.74 26.05 26.42 26.71 26.68 27.34 27.87 27.94 1.5%

18.11 18.03 18.19 18.37 18.31 18.47 18.67 18.84 19.19 19.51 19.75 20.12 3.4%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2030

9.20 9.11 8.90 8.95 9.00 9.32 9.61 9.88 10.16 10.40 10.57 10.75 0.8%

4.40 4.40 4.42 4.47 4.51 4.53 4.55 4.56 4.56 4.53 4.48 4.41 0.9%

1.95 1.95 1.95 1.96 1.96 1.98 1.99 2.00 2.01 2.03 2.05 2.07 0.6%

1.23 1.23 1.24 1.27 1.30 1.30 1.31 1.32 1.33 1.33 1.35 1.36 - -

27.37 27.57 27.51 27.62 27.85 28.28 28.81 29.26 29.65 30.03 30.28 30.56 0.6%

260.92 263.30 263.31 266.41 270.01 276.89 282.96 288.95 294.97 301.23 305.18 310.03 1.1%

204.49 207.76 209.27 212.42 216.23 222.25 228.67 234.47 240.31 246.32 251.41 256.75 1.7%

245.16 242.68 240.85 242.76 243.31 248.31 253.34 257.86 262.51 267.85 271.83 276.26 0.9%

756.03 752.82 753.80 755.87 758.67 767.98 779.67 791.36 800.42 821.15 837.90 853.25 1.6%

1466.60 1466.55 1467.24 1477.46 1488.22 1515.44 1544.64 1572.64 1598.21 1636.54 1666.31 1696.29 1.4%

18.13 24.83 32.23 41.69 43.12 46.74 50.69 54.71 58.67 61.33 63.56 65.71 37.9%

1484.72 1491.38 1499.47 1519.15 1531.34 1562.17 1595.33 1627.35 1656.89 1697.88 1729.88 1762.00 1.6%

41.68 42.47 43.49 44.44 44.73 45.41 46.13 46.83 47.83 48.86 49.65 50.90 3.1%

30.41 31.14 31.80 32.54 32.82 33.59 34.28 34.92 35.69 36.79 37.68 38.67 3.0%

15.93 16.14 16.14 16.43 16.76 17.41 18.03 18.59 19.21 19.75 20.25 20.75 2.2%

41.16 42.26 42.95 43.76 44.65 45.74 46.98 48.07 49.13 50.14 51.03 51.96 2.2%

37.54 38.24 39.17 40.05 40.27 40.89 41.56 42.20 43.15 44.12 44.86 46.06 3.1%

27.90 28.56 29.24 30.03 30.33 31.06 31.82 32.49 32.96 34.14 35.13 35.80 3.5%

21.26 21.55 22.21 22.79 22.73 23.16 23.55 23.97 24.47 25.00 25.51 26.07 4.2%

14.17 14.37 14.36 14.65 14.95 15.61 16.20 16.73 17.32 17.84 18.31 18.78 2.4%

35.39 36.37 36.86 37.47 38.21 39.20 40.33 41.34 42.32 43.31 44.09 44.96 2.1%

36.50 37.17 38.15 38.99 39.22 39.83 40.49 41.11 42.04 43.00 43.72 44.93 2.9%

28.49 29.14 29.86 30.73 31.08 31.85 32.67 33.39 33.69 34.95 36.04 36.52 3.4%

26.51 27.05 27.68 28.36 28.48 29.04 29.57 30.05 30.77 31.52 32.11 32.95 5.1%

9.57 9.66 9.56 9.78 9.97 10.53 11.03 11.52 12.00 12.45 12.79 13.16 2.5%

5.56 5.69 5.81 5.97 6.09 6.19 6.28 6.36 6.42 6.44 6.43 6.40 2.5%

3.20 3.27 3.32 3.38 3.43 3.49 3.55 3.61 3.67 3.74 3.81 3.88 2.0%

1.55 1.59 1.64 1.69 1.75 1.78 1.81 1.84 1.87 1.89 1.93 1.98 - -

23.98 24.63 24.96 25.46 26.07 26.84 27.71 28.51 29.28 30.02 30.62 31.30 2.3%

41.36 42.13 43.14 44.06 44.34 45.00 45.70 46.39 47.38 48.39 49.16 50.41 3.1%

36.80 37.85 38.71 39.29 39.75 40.36 41.04 41.66 42.08 42.74 42.80 43.63 2.2%

37.44 38.43 39.42 40.38 40.82 41.52 42.32 43.09 43.88 44.88 45.61 46.54 3.1%

28.08 28.62 29.29 30.01 30.32 30.97 31.70 32.36 32.99 34.08 35.00 35.70 3.5%

32.91 33.63 34.46 35.41 35.81 36.70 37.48 38.23 38.53 39.85 40.99 41.44 3.0%

22.21 22.56 23.16 23.74 24.01 24.49 25.02 25.49 26.29 27.03 27.66 28.49 5.0%

19.04 19.24 19.24 19.56 19.86 20.50 21.08 21.60 22.16 22.66 23.11 23.55 1.8%

37.35 38.09 38.54 39.43 40.64 42.09 43.63 44.90 46.13 47.36 48.37 49.51 2.1%

25.78 26.42 27.07 27.76 28.03 28.72 29.36 29.96 30.70 31.75 32.59 33.51 3.6%

23.58 23.97 24.65 25.25 25.52 26.04 26.57 27.06 27.78 28.53 29.17 29.97 5.7%

9.19 9.24 9.15 9.40 9.62 10.18 10.67 11.13 11.60 12.01 12.30 12.61 2.6%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2030

2.42 2.48 2.52 2.57 2.61 2.65 2.70 2.75 2.79 2.84 2.90 2.95 2.2%

34.93 35.61 36.42 37.37 37.56 38.16 38.82 39.45 40.38 41.30 42.02 43.16 3.7%

36.80 37.85 38.71 39.29 39.75 40.36 41.04 41.66 42.08 42.74 42.80 43.63 2.2%

37.44 38.43 39.42 40.38 40.82 41.52 42.31 43.09 43.87 44.87 45.61 46.54 3.1%

28.08 28.62 29.29 30.01 30.32 30.97 31.70 32.36 32.99 34.08 35.00 35.70 3.5%

31.93 32.65 33.45 34.38 34.79 35.59 36.45 37.21 37.55 38.86 40.00 40.51 3.1%

22.92 23.29 23.91 24.51 24.74 25.24 25.76 26.24 27.00 27.73 28.35 29.16 5.1%

11.64 11.77 11.70 11.94 12.16 12.74 13.26 13.77 14.29 14.78 15.17 15.58 2.4%

5.56 5.69 5.81 5.97 6.09 6.19 6.28 6.36 6.42 6.44 6.43 6.40 2.5%

2.47 2.52 2.56 2.61 2.65 2.70 2.75 2.79 2.83 2.89 2.94 3.00 2.2%

1.55 1.59 1.64 1.69 1.75 1.78 1.81 1.84 1.87 1.89 1.93 1.98 - -

34.63 35.62 36.16 36.85 37.63 38.63 39.75 40.76 41.73 42.69 43.47 44.31 2.2%

330.09 340.12 346.09 355.44 364.87 378.23 390.39 402.54 415.11 428.14 438.04 449.49 2.8%

258.69 268.38 275.07 283.40 292.20 303.59 315.48 326.64 338.19 350.09 360.87 372.25 3.4%

310.15 313.49 316.57 323.88 328.80 339.19 349.53 359.22 369.42 380.69 390.17 400.54 2.5%

956.45 972.48 990.78 1008.46 1025.20 1049.04 1075.67 1102.43 1126.43 1167.10 1202.69 1237.08 3.2%

1855.38 1894.47 1928.51 1971.18 2011.07 2070.05 2131.06 2190.83 2249.16 2326.01 2391.77 2459.36 3.0%

22.93 32.08 42.37 55.62 58.27 63.84 69.93 76.21 82.57 87.17 91.23 95.27 40.1%

1878.31 1926.55 1970.88 2026.80 2069.34 2133.89 2201.00 2267.04 2331.73 2413.19 2483.01 2554.63 3.2%
DollarYear 2009

AnalysisYear 2015

Real Adjustments

AEO 2009 Electricity Prices AEO Annual Adjustments 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

2007 AEO_Price_2007 $26.70 AEO_Adj_2008 1.057 Adjust from ►

2008 AEO_Price_2008 $28.21 AEO_Adj_2009 1.002 1 Adjust to ▼ 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

IPM Years 

Average

2009 AEO_Price_2009 $28.28 AEO_Adj_2010 0.934 2 2009 1.00 1.07 1.06 1.07 1.07 1.07 1.07 1.06 1.05 1.04 1.03 1.03 1.03 1.02

2010 AEO_Price_2010 $26.42 AEO_Adj_2011 1.008 3 2010 0.93 1.00 0.99 1.00 1.00 1.00 1.00 0.99 0.99 0.98 0.97 0.96 0.96 0.96

2011 AEO_Price_2011 $26.62 AEO_Adj_2012 0.993 4 2011 0.94 1.01 1.00 1.01 1.01 1.01 1.00 1.00 0.99 0.98 0.97 0.97 0.97 0.96

2012 AEO_Price_2012 $26.45 AEO_Adj_2013 1.001 5 2012 0.94 1.00 0.99 1.00 1.00 1.00 1.00 0.99 0.99 0.98 0.97 0.96 0.96 0.96

2013 AEO_Price_2013 $26.47 AEO_Adj_2014 0.998 6 2013 0.94 1.00 0.99 1.00 1.00 1.00 1.00 0.99 0.99 0.98 0.97 0.96 0.96 0.96

2014 AEO_Price_2014 $26.43 AEO_Adj_2015 1.004 7 2014 0.93 1.00 0.99 1.00 1.00 1.00 1.00 0.99 0.99 0.98 0.97 0.96 0.96 0.96

2015 AEO_Price_2015 $26.53 AEO_Adj_2016 1.005 8 2015 0.94 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.99 0.98 0.97 0.96 0.96 0.96

2016 AEO_Price_2016 $26.65 AEO_Adj_2017 1.006 9 2016 0.94 1.01 1.00 1.01 1.01 1.01 1.00 1.00 0.99 0.98 0.97 0.97 0.97 0.96

2017 AEO_Price_2017 $26.81 AEO_Adj_2018 1.010 10 2017 0.95 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.00 0.99 0.98 0.97 0.97 0.97

2018 AEO_Price_2018 $27.06 AEO_Adj_2019 1.011 11 2018 0.96 1.02 1.02 1.02 1.02 1.02 1.02 1.02 1.01 1.00 0.99 0.98 0.98 0.98

2019 AEO_Price_2019 $27.37 AEO_Adj_2020 1.007 12 2019 0.97 1.04 1.03 1.04 1.03 1.04 1.03 1.03 1.02 1.01 1.00 0.99 0.99 0.99

2020 AEO_Price_2020 $27.57 AEO_Adj_2021 0.998 13 2020 0.97 1.04 1.04 1.04 1.04 1.04 1.04 1.03 1.03 1.02 1.01 1.00 1.00 1.00

2021 AEO_Price_2021 $27.51 AEO_Adj_2022 1.004 14 2021 0.97 1.04 1.03 1.04 1.04 1.04 1.04 1.03 1.03 1.02 1.01 1.00 1.00 1.00

2022 AEO_Price_2022 $27.62 AEO_Adj_2023 1.008 15

IPM Years 

Average 0.98 1.05 1.04 1.05 1.04 1.05 1.04 1.04 1.03 1.02 1.01 1.00 1.00 1.00

2023 AEO_Price_2023 $27.85 AEO_Adj_2024 1.015 16 2022 0.98 1.05 1.04 1.04 1.04 1.05 1.04 1.04 1.03 1.02 1.01 1.00 1.00 1.00

2024 AEO_Price_2024 $28.28 AEO_Adj_2025 1.019 17 2023 0.98 1.05 1.05 1.05 1.05 1.05 1.05 1.05 1.04 1.03 1.02 1.01 1.01 1.01

2025 AEO_Price_2025 $28.81 AEO_Adj_2026 1.015 18 2024 1.00 1.07 1.06 1.07 1.07 1.07 1.07 1.06 1.05 1.04 1.03 1.03 1.03 1.02

2026 AEO_Price_2026 $29.26 AEO_Adj_2027 1.014 19 2025 1.02 1.09 1.08 1.09 1.09 1.09 1.09 1.08 1.07 1.06 1.05 1.05 1.05 1.04

2027 AEO_Price_2027 $29.65 AEO_Adj_2028 1.013 20 2026 1.03 1.11 1.10 1.11 1.11 1.11 1.10 1.10 1.09 1.08 1.07 1.06 1.06 1.06

2028 AEO_Price_2028 $30.03 AEO_Adj_2029 1.008 21 2027 1.05 1.12 1.11 1.12 1.12 1.12 1.12 1.11 1.11 1.10 1.08 1.08 1.08 1.07

2029 AEO_Price_2029 $30.28 AEO_Adj_2030 1.009 22 2028 1.06 1.14 1.13 1.14 1.13 1.14 1.13 1.13 1.12 1.11 1.10 1.09 1.09 1.09

2030 AEO_Price_2030 $30.56 Average 1.006 23 2029 1.07 1.15 1.14 1.15 1.14 1.15 1.14 1.14 1.13 1.12 1.11 1.10 1.10 1.10

IPM Years Average $27.64 24 2030 1.08 1.16 1.15 1.16 1.15 1.16 1.15 1.15 1.14 1.13 1.12 1.11 1.11 1.11

Projections: 25 2031 1.09 1.16 1.16 1.16 1.16 1.16 1.16 1.15 1.15 1.14 1.12 1.12 1.12 1.11

2031 AEO_Price_2031 $30.75 AEO_Adj_2008_to_2017 0.9479 26 2032 1.09 1.17 1.16 1.17 1.17 1.17 1.17 1.16 1.15 1.14 1.13 1.12 1.12 1.12

2032 AEO_Price_2032 $30.94 AEO_Adj_2013_to_2017 1.0126 27 2033 1.10 1.18 1.17 1.18 1.18 1.18 1.17 1.17 1.16 1.15 1.14 1.13 1.13 1.13

2033 AEO_Price_2033 $31.13 AEO_Adj_2014_to_2017 1.0143 28 2034 1.11 1.19 1.18 1.18 1.18 1.18 1.18 1.18 1.17 1.16 1.14 1.14 1.14 1.13

2034 AEO_Price_2034 $31.31 AEO_Adj_2015_to_2017 1.0105 29 2035 1.11 1.19 1.18 1.19 1.19 1.19 1.19 1.18 1.18 1.16 1.15 1.14 1.15 1.14

2035 AEO_Price_2035 $31.51 AEO_Adj_2016_to_2017 1.0060 30 2036 1.12 1.20 1.19 1.20 1.20 1.20 1.19 1.19 1.18 1.17 1.16 1.15 1.15 1.15

2036 AEO_Price_2036 $31.70 AEO_Adj_2008_to_2015 0.9403 31 2037 1.13 1.21 1.20 1.21 1.20 1.21 1.20 1.20 1.19 1.18 1.17 1.16 1.16 1.15

2037 AEO_Price_2037 $31.89 AEO_Adj_2008_to_2013 0.9383 32 2038 1.13 1.21 1.21 1.21 1.21 1.21 1.21 1.20 1.20 1.19 1.17 1.16 1.17 1.16

2038 AEO_Price_2038 $32.08 AEO_Adj_2013_to_2015 1.0021 33 2039 1.14 1.22 1.21 1.22 1.22 1.22 1.22 1.21 1.20 1.19 1.18 1.17 1.17 1.17

2039 AEO_Price_2039 $32.28 AEO_Adj_2017_to_2015 0.9896 34 2040 1.15 1.23 1.22 1.23 1.23 1.23 1.22 1.22 1.21 1.20 1.19 1.18 1.18 1.18

2040 AEO_Price_2040 $32.47 AEO_Adj_2017_to_2013 0.9875 35 2041 1.16 1.24 1.23 1.24 1.23 1.24 1.23 1.23 1.22 1.21 1.19 1.19 1.19 1.18

2041 AEO_Price_2041 $32.67 AEO_Adj_2015_to_2013 0.9980 36 2042 1.16 1.24 1.23 1.24 1.24 1.24 1.24 1.23 1.23 1.21 1.20 1.19 1.19 1.19

2042 AEO_Price_2042 $32.87 AEO_Adj_2020_to_2015 0.9621 37 2043 1.17 1.25 1.24 1.25 1.25 1.25 1.25 1.24 1.23 1.22 1.21 1.20 1.20 1.20

2043 AEO_Price_2043 $33.07 AEO_Adj_2015_to_2020 1.0394 38 2044 1.18 1.26 1.25 1.26 1.26 1.26 1.25 1.25 1.24 1.23 1.22 1.21 1.21 1.20

2044 AEO_Price_2044 $33.27 AEO_Adj_2015_to_2025 1.0862 39 2045 1.18 1.27 1.26 1.27 1.26 1.27 1.26 1.26 1.25 1.24 1.22 1.21 1.22 1.21

2045 AEO_Price_2045 $33.47 AEO_Adj_2015_to_2030 1.1522 40 2046 1.19 1.27 1.27 1.27 1.27 1.27 1.27 1.26 1.26 1.24 1.23 1.22 1.22 1.22
Real Adjustments

AEO 2009 Electricity Prices AEO Annual Adjustments123456789 10 11 12 13 14 15

2046 AEO_Price_2046 $33.68 41 2047 1.20 1.28 1.27 1.28 1.28 1.28 1.28 1.27 1.26 1.25 1.24 1.23 1.23 1.23

2047 AEO_Price_2047 $33.88 AEO_Adj_2009_to_2015 0.9380 42 2048 1.21 1.29 1.28 1.29 1.29 1.29 1.29 1.28 1.27 1.26 1.25 1.24 1.24 1.23

2048 AEO_Price_2048 $34.09 AEO_Adj_2007_to_2009 1.0591 43 2049 1.21 1.30 1.29 1.30 1.30 1.30 1.29 1.29 1.28 1.27 1.25 1.24 1.25 1.24

2049 AEO_Price_2049 $34.30 AEO_Adj_2028_to_2015 0.8832 44 2050 1.22 1.31 1.30 1.30 1.30 1.31 1.30 1.29 1.29 1.28 1.26 1.25 1.25 1.25

2050 AEO_Price_2050 $34.50 AEO_Adj_2028_to_2009 0.9416 45 2051 1.23 1.31 1.30 1.31 1.31 1.31 1.31 1.30 1.30 1.28 1.27 1.26 1.26 1.26

2051 AEO_Price_2051 $34.71 46 2052 1.24 1.32 1.31 1.32 1.32 1.32 1.32 1.31 1.30 1.29 1.28 1.27 1.27 1.26

2052 AEO_Price_2052 $34.93 47 2053 1.24 1.33 1.32 1.33 1.33 1.33 1.32 1.32 1.31 1.30 1.28 1.27 1.28 1.27

2053 AEO_Price_2053 $35.14 48 2054 1.25 1.34 1.33 1.34 1.34 1.34 1.33 1.33 1.32 1.31 1.29 1.28 1.28 1.28

2054 AEO_Price_2054 $35.35 49 2055 1.26 1.35 1.34 1.34 1.34 1.35 1.34 1.33 1.33 1.31 1.30 1.29 1.29 1.29

2055 AEO_Price_2055 $35.57 50 2056 1.27 1.35 1.34 1.35 1.35 1.35 1.35 1.34 1.33 1.32 1.31 1.30 1.30 1.29

2056 AEO_Price_2056 $35.78 51 2057 1.27 1.36 1.35 1.36 1.36 1.36 1.36 1.35 1.34 1.33 1.32 1.31 1.31 1.30

2057 AEO_Price_2057 $36.00 52 2058 1.28 1.37 1.36 1.37 1.37 1.37 1.37 1.36 1.35 1.34 1.32 1.31 1.32 1.31

2058 AEO_Price_2058 $36.22 53 2059 1.29 1.38 1.37 1.38 1.38 1.38 1.37 1.37 1.36 1.35 1.33 1.32 1.32 1.32

2059 AEO_Price_2059 $36.44 54 2060 1.30 1.39 1.38 1.39 1.38 1.39 1.38 1.38 1.37 1.35 1.34 1.33 1.33 1.33

2060 AEO_Price_2060 $36.66 55 2061 1.30 1.40 1.39 1.39 1.39 1.40 1.39 1.38 1.38 1.36 1.35 1.34 1.34 1.33

2061 AEO_Price_2061 $36.88 56 2062 1.31 1.40 1.39 1.40 1.40 1.40 1.40 1.39 1.38 1.37 1.36 1.35 1.35 1.34

2062 AEO_Price_2062 $37.11 57 2063 1.32 1.41 1.40 1.41 1.41 1.41 1.41 1.40 1.39 1.38 1.36 1.35 1.36 1.35

2063 AEO_Price_2063 $37.33 58 2064 1.33 1.42 1.41 1.42 1.42 1.42 1.42 1.41 1.40 1.39 1.37 1.36 1.37 1.36

2064 AEO_Price_2064 $37.56 59 2065 1.34 1.43 1.42 1.43 1.43 1.43 1.42 1.42 1.41 1.40 1.38 1.37 1.37 1.37

2065 AEO_Price_2065 $37.79 60 2066 1.34 1.44 1.43 1.44 1.44 1.44 1.43 1.43 1.42 1.40 1.39 1.38 1.38 1.38

2066 AEO_Price_2066 $38.02 61 2067 1.35 1.45 1.44 1.45 1.44 1.45 1.44 1.44 1.43 1.41 1.40 1.39 1.39 1.38

2067 AEO_Price_2067 $38.25 62 2068 1.36 1.46 1.45 1.46 1.45 1.46 1.45 1.44 1.44 1.42 1.41 1.40 1.40 1.39

2068 AEO_Price_2068 $38.48 63 2069 1.37 1.47 1.45 1.46 1.46 1.47 1.46 1.45 1.44 1.43 1.41 1.40 1.41 1.40

2069 AEO_Price_2069 $38.72 64 2070 1.38 1.47 1.46 1.47 1.47 1.47 1.47 1.46 1.45 1.44 1.42 1.41 1.42 1.41

2070 AEO_Price_2070 $38.95