Socioeconomic Factors

The electricity system resides within a broader macroeconomy of the world and nation, as well as consumers as citizens. Thus, there are many socioeconomic factors that can affect the Full Cost of Electricity. Rich households consume more electricity than poor households. Not only can corporations and regulated utilities own and control parts of the electricity system, it is becoming increasingly possible for individual citizens and communities to do the same. In addition, there is an array of stakeholders that seek influence at different levels of government to affect policies, such as regulations, taxes and subsidies, that in turn affect the perception of the Full Cost of Electricity.

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EPA’s Valuation of Environmental Externalities from Electricity Production

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