The price you pay for electricity is dependent on several factors. While some of these factors are broad-reaching, affecting the entire country, others are regional in scope. The regional factors include weather and the types of fuel being used to generate the electricity. There are even elements that occur on an even more granular level. These factors can influence specific cities, neighborhoods, and even individual electricity meters.

The following infographic from Top 10 Best Electric Companies looks at what factors make up your electricity price.

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How do the electric companies determine the price of electricity?

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Irma Wallace

Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders' Zone, a construction / home improvement portal.