Retail residential electricity prices in the United States have mostly risen over the last decades. In 2023, prices registered a year-over-year growth of 6.3 percent, the highest growth registered since the beginning of the century. Residential prices are projected to continue to grow by two percent in 2024. Drivers of electricity price growth The price of electricity is partially dependent on the various energy sources used for generation, such as coal, gas, oil, renewable energy, or nuclear. In the U.S., electricity prices are highly connected to natural gas prices. As the commodity is exposed to international markets that pay a higher rate, U.S. prices are also expected to rise, as it has been witnessed during the energy crisis in 2022. Electricity demand is also expected to increase, especially in regions that will likely require more heating or cooling as climate change impacts progress, driving up electricity prices. Which states pay the most for electricity? Electricity prices can vary greatly depending on both state and region. Hawaii has the highest electricity prices in the U.S., at roughly 43 U.S. cents per kilowatt-hour as of May 2023, due to the high costs of crude oil used to fuel the state’s electricity. In comparison, Idaho has one of the lowest retail rates. Much of the state’s energy is generated from hydroelectricity, which requires virtually no fuel. In addition, construction costs can be spread out over decades.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average (CUSR0000SEHF01) from Jan 1952 to May 2025 about electricity, urban, consumer, CPI, price index, indexes, price, and USA.

The electricity supply in Mexico experienced a Consumer Price Index (CPI) change of **** percent in July 2024, when compared with the same month of the previous year. By comparison, the gas inflation rate in Mexico was negative.

The retail price for electricity in the United States stood at an average of ***** U.S. dollar cents per kilowatt-hour in 2024. This is the highest figure reported in the indicated period. Nevertheless, the U.S. still has one of the lowest electricity prices worldwide. As a major producer of primary energy, energy prices are lower than in countries that are more reliant on imports or impose higher taxes. Regional variations and sector disparities The impact of rising electricity costs across U.S. states is not uniform. Hawaii stands out with the highest household electricity price, reaching a staggering ***** U.S. cents per kilowatt-hour in September 2024. This stark contrast is primarily due to Hawaii's heavy reliance on imported oil for power generation. On the other hand, states like Utah benefit from lower rates, with prices around **** U.S. cents per kilowatt-hour. Regarding U.S. prices by sector, residential customers have borne the brunt of price increases, paying an average of ***** U.S. cents per kilowatt-hour in 2023, significantly more than commercial and industrial sectors. Factors driving price increases Several factors contribute to the upward trend in electricity prices. The integration of renewable energy sources, investments in smart grid technologies, and rising peak demand all play a role. Additionally, the global energy crisis of 2022 and natural disasters affecting power infrastructure have put pressure on the electric utility industry. The close connection between U.S. electricity prices and natural gas markets also influences rates, as domestic prices are affected by higher-paying international markets. Looking ahead, projections suggest a continued increase in electricity prices, with residential rates expected to grow by *** percent in 2024, driven by factors such as increased demand and the ongoing effects of climate change.

The tables presented in this file are a supplement to the article “CBS switches to new method for calculating energy prices in the CPI”, published on 30 June 2023. The article presents the results of the research carried out by Statistics Netherlands (CBS) in order to develop new energy prices for the Consumer price index (CPI).

Energy Inflation in the United States decreased by 3.50 percent in May from -3.70 percent in April of 2025. This dataset includes a chart with historical data for the United States Energy Inflation.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in U.S. City Average (APU000072610) from Nov 1978 to May 2025 about electricity, energy, retail, price, and USA.

Electric power selling price index (EPSPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2014=100).

The Consumer Price Index (CPI) of housing, water, electricity, gas and other fuels in Argentina in January 2025 was 217.7 percent higher than the one registered the same month of the previous year. Year-on-year variation of prices of housing, water, electricity, and fuels has been experiencing an upward trend since September 2020. The overall inflation rate in Argentina presented a similar development since the second half of 2020.

Italy Electricity decreased 21.69 EUR/MWh or 15.74% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Italy Electricity Price.

The inflation rate of gas prices in Czechia rose significantly throughout 2022. By comparison, electricity inflation rate saw the steepest increase in 2023, with the inflation rate standing at 148.6 percent in October of that year. As of December 2024, the rate of energy commodity prices have shown a slight increase, while gas, liquid fuels, and electricity prices recorded a decrease.

The inflation rates of various energy commodities in the European Union began to decrease in late 2022 after skyrocketing earlier that year. Liquid fuels' inflation rate stood at -12 percent in April 2025 after having seen the steepest increase in June 2022 at 88 percent. These developments occurred following Russia's invasion of Ukraine, which has been the cause of uncertainty over Europe's security of gas supply, as well as intense energy price volatility. Since 2024, the electricity and gas prices have shown an increasing trend.

In Italy, electricity prices recorded a significant increase from March 2021 onward, after having remained stable throughout 2020. The peak was reached in October 2022, when the cost of electric power was 200 percent higher than in the same month of the previous year.

Graph and download economic data for Producer Price Index by Industry: Electric Power Distribution (PCU221122221122) from Dec 2003 to May 2025 about distributive, electricity, PPI, industry, inflation, price index, indexes, price, and USA.

India Consumer Price Index (CPI): Fuel and Light: Weights: Electricity data was reported at 2.260 % in Oct 2018. This stayed constant from the previous number of 2.260 % for Sep 2018. India Consumer Price Index (CPI): Fuel and Light: Weights: Electricity data is updated monthly, averaging 2.260 % from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 2.260 % in Oct 2018 and a record low of 2.260 % in Oct 2018. India Consumer Price Index (CPI): Fuel and Light: Weights: Electricity data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA016: Consumer Price Index: 2012=100: Fuel and Light: Weights.

Inflation for housing, water, electricity, gas, and other fuels in the United Kingdom was 1.9 percent in the first quarter of 2025, compared with three percent in the previous quarter.

The inflation rates of energy commodity prices in the Netherlands began to increase significantly in 2021. Electricity and gas have seen the steepest rise, with the inflation rate peaking in September 2022. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility. Energy commodity prices showed an increase in the country in 2024, after dropping in 2023.

The inflation rate of liquid fuel prices in Sweden has increased significantly since 2021, peaking at 69 percent in June 2022. Energy, electricity, and liquid fuels inflation rates have resumed their upward trajectory in 2024, following a decline in 2023.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Electricity in Northeast (CUUR0100SEHF01) from Dec 1977 to May 2025 about electricity, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

In 2022, the average end-use electricity price in the United States stood at around 12.2 U.S. cents per kilowatt-hour. This figure is projected to decrease in the coming three decades, to reach some 11 U.S. cents per kilowatt-hour by 2050.