The average electric bill for consumers in the United States could top the $1 million mark, according to a new report from energy consultancy Energy Information Administration.
It was not immediately clear how much of the bill was attributable to the increased demand for power from renewable sources, which have also been growing rapidly in recent years.
The new report shows that, for the second consecutive year, the average consumer bill for the average residential customer increased to $1.051 per month.
According to the report, the price of a home has risen at a rate that has exceeded that of the overall economy over the last five years.
The average electric rate for the first six months of 2017 was $1 per megawatt hour, the report said.
In the third quarter of 2016, the energy company reported a $1 billion revenue decline, and the rate has fallen by nearly $1 a month in the last three years, it said.
In its most recent quarter, Duke Energy reported a net loss of $1-1.5 billion, but its total revenue in the quarter was $14.2 billion, it reported.