Liam Denning, Columnist

Big Energy Confronts An Unfamiliar Power: Competition

New rivalries between providers and sources will keep driving down costs.

February 22, 2018 at 2:33 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

1519311718_GettyImages-57078189 — Photographer: Mark Renders/Getty Images

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You may not have noticed, but you're spending a lot less on energy these days.

Less than four cents of every dollar of U.S. consumer spending went to gasoline, electricity and natural gas last year, according to Bloomberg New Energy Finance's recently published "Sustainable Energy In America Factbook."