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Sustainability News

Bloomberg/Sustainable Business Council: Consumer Energy Spending Plummets In 2016

American consumers spent less than 4 percent of their total annual household spending on energy in 2016, the smallest share ever recorded by the U.S. government, a new study finds.

Falling costs for electricity, gasoline and natural gas along with energy efficiency measures have contributed to a dramatic drop in consumer spending on energy.

This finding, from the 2017 Sustainable Energy in America Factbook, is supported by U.S. energy statistics highlighting improvements in energy efficiency, natural gas production and use and renewable energy deployment.

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