100+ datasets found
  1. Residential electricity price growth in the U.S. 2000-2025

    • statista.com
    • ai-chatbox.pro
    Updated Oct 15, 2024
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    Statista (2024). Residential electricity price growth in the U.S. 2000-2025 [Dataset]. https://www.statista.com/statistics/201714/growth-in-us-residential-electricity-prices-since-2000/
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    Dataset updated
    Oct 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  2. Electricity retail prices in the U.S. 1990-2024

    • statista.com
    • ai-chatbox.pro
    Updated Jun 27, 2025
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    Statista (2025). Electricity retail prices in the U.S. 1990-2024 [Dataset]. https://www.statista.com/statistics/183700/us-average-retail-electricity-price-since-1990/
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    Dataset updated
    Jun 27, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  3. F

    Average Price: Electricity per Kilowatt-Hour in U.S. City Average

    • fred.stlouisfed.org
    json
    Updated Jul 15, 2025
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    (2025). Average Price: Electricity per Kilowatt-Hour in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/APU000072610
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    jsonAvailable download formats
    Dataset updated
    Jul 15, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

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

  4. Monthly electricity price for industries in the United States 2020-2024

    • statista.com
    Updated Jun 27, 2025
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    Statista (2025). Monthly electricity price for industries in the United States 2020-2024 [Dataset]. https://www.statista.com/statistics/1395805/monthly-electricity-price-industrial-sector-united-states/
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    Dataset updated
    Jun 27, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - May 2024
    Area covered
    United States
    Description

    Electricity prices for industries in the United States increased over the past few years, peaking in summer 2022. Industrial electricity prices amounted to **** U.S. cents per kilowatt-hour in May 2024, up from **** U.S. dollar cents per kilowatt-hour the previous month. The average retail electricity price for industrial consumers in the United States stood at **** U.S. dollar cents per kilowatt-hour in 2023.

  5. T

    Germany Electricity Price Data

    • tradingeconomics.com
    • ru.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    TRADING ECONOMICS (2023). Germany Electricity Price Data [Dataset]. https://tradingeconomics.com/germany/electricity-price
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    xml, csv, json, excelAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 30, 2018 - Jul 30, 2025
    Area covered
    Germany
    Description

    Germany Electricity decreased 28.11 EUR/MWh or 24.29% 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 Germany Electricity Price.

  6. Z

    Protests Armenia 2015: Video Database – Hike in Electricity Rates

    • data.niaid.nih.gov
    Updated Jan 27, 2025
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    Research Centre for East European Studies at the University of Bremen (2025). Protests Armenia 2015: Video Database – Hike in Electricity Rates [Dataset]. https://data.niaid.nih.gov/resources?id=zenodo_14747730
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    Dataset updated
    Jan 27, 2025
    Dataset authored and provided by
    Research Centre for East European Studies at the University of Bremen
    License

    Open Data Commons Attribution License (ODC-By) v1.0https://www.opendatacommons.org/licenses/by/1.0/
    License information was derived automatically

    Area covered
    Armenia
    Description

    The collection "Protests Armenia 2015: Video Database" is part of a larger and ongoing collection of videos on protest events in the post-Soviet region. It contains a database describing 104 videos (mp4) of protests in Armenia in July 2015 (mainly Yerevan area) triggered by a hike in electricity rates. We compiled the material in March to May 2020. All data is processed in an MS Excel database with metadata. For this kind of collections on protest events we take into account all videos that 1) are event related AND show actions of this event, 2) are fully accessible, 3) we can find with our search words during a particular period. We strictly aim at a systematic and unbiased selection and organized precessing of protest-related videos. We identify particular event-related search words or phrases after intense research on the event. According to the snowball principle, we then start the search of videos and try to describe as much relevant content as possible. However, we cannot guarantee the completeness of protest videos on the particular event. We search the videos and include them into the collection until a particular degree of saturation has been reached. The videos have been posted mainly by the participants of the events. Therefore, the material is only an extract and biased by the perspective of the single creator. Due to data privacy regulations and copyright restrictions, we are only allowed to give access to the database of the collected video files including the hyperlinks with its metadata and not to the videos themselves. YouTube's user guidelines do not allow us to store copies of the video collection described above.

  7. e

    Average Electricity Rates by U.S. State (July 2025)

    • electricchoice.com
    Updated Dec 6, 2010
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    ElectricChoice.com (2010). Average Electricity Rates by U.S. State (July 2025) [Dataset]. https://www.electricchoice.com/electricity-prices-by-state/
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    Dataset updated
    Dec 6, 2010
    Dataset provided by
    ElectricChoice.com
    License

    Attribution-ShareAlike 4.0 (CC BY-SA 4.0)https://creativecommons.org/licenses/by-sa/4.0/
    License information was derived automatically

    Time period covered
    Jul 1, 2025 - Jul 31, 2025
    Area covered
    United States
    Description

    A comprehensive dataset of average residential, commercial, and combined electricity rates in cents per kWh for all 50 U.S. states.

  8. Japan JP: Residential Electricity Price: USD per kWh

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Japan JP: Residential Electricity Price: USD per kWh [Dataset]. https://www.ceicdata.com/en/japan/environmental-environmental-policy-taxes-and-transfers-oecd-member-annual/jp-residential-electricity-price-usd-per-kwh
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2011 - Dec 1, 2022
    Area covered
    Japan
    Description

    Japan JP: Residential Electricity Price: USD per kWh data was reported at 0.330 USD/kWh in 2022. This records an increase from the previous number of 0.260 USD/kWh for 2021. Japan JP: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.220 USD/kWh from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 0.330 USD/kWh in 2022 and a record low of 0.190 USD/kWh in 2002. Japan JP: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

  9. T

    United Kingdom Electricity Price Data

    • tradingeconomics.com
    • ru.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    TRADING ECONOMICS (2023). United Kingdom Electricity Price Data [Dataset]. https://tradingeconomics.com/united-kingdom/electricity-price
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 29, 2013 - Jul 30, 2025
    Area covered
    United Kingdom
    Description

    UK Electricity decreased 21 GBP/MWh or 20.50% 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 the United Kingdom Electricity Price.

  10. F

    Consumer Price Index for All Urban Consumers: Electricity in U.S. City...

    • fred.stlouisfed.org
    json
    Updated Jul 15, 2025
    + more versions
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    (2025). Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/CUSR0000SEHF01
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    jsonAvailable download formats
    Dataset updated
    Jul 15, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

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

  11. Egypt Electricity Price: Commercial: 0-100 kWh

    • ceicdata.com
    Updated Mar 14, 2018
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    CEICdata.com (2018). Egypt Electricity Price: Commercial: 0-100 kWh [Dataset]. https://www.ceicdata.com/en/egypt/electricity-price
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    Dataset updated
    Mar 14, 2018
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2008 - Jun 1, 2016
    Area covered
    Egypt
    Description

    Electricity Price: Commercial: 0-100 kWh data was reported at 45.000 0.01 EGP/kWh in 2017. This records an increase from the previous number of 35.000 0.01 EGP/kWh for 2016. Electricity Price: Commercial: 0-100 kWh data is updated yearly, averaging 24.000 0.01 EGP/kWh from Jun 2008 (Median) to 2017, with 9 observations. The data reached an all-time high of 45.000 0.01 EGP/kWh in 2017 and a record low of 24.000 0.01 EGP/kWh in 2012. Electricity Price: Commercial: 0-100 kWh data remains active status in CEIC and is reported by Ministry of Electricity and Energy. The data is categorized under Global Database’s Egypt – Table EG.P009: Electricity Price.

  12. Indonesia Electricity: Average Price: Total

    • ceicdata.com
    Updated Jun 15, 2018
    + more versions
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    CEICdata.com (2018). Indonesia Electricity: Average Price: Total [Dataset]. https://www.ceicdata.com/en/indonesia/average-price-electricity/electricity-average-price-total
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    Dataset updated
    Jun 15, 2018
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2007 - Dec 1, 2018
    Area covered
    Indonesia
    Description

    Indonesia Electricity: Average Price: Total data was reported at 1,123.010 IDR/kWh in 2018. This records an increase from the previous number of 1,105.110 IDR/kWh for 2017. Indonesia Electricity: Average Price: Total data is updated yearly, averaging 628.140 IDR/kWh from Dec 1994 (Median) to 2018, with 25 observations. The data reached an all-time high of 1,123.010 IDR/kWh in 2018 and a record low of 154.280 IDR/kWh in 1994. Indonesia Electricity: Average Price: Total data remains active status in CEIC and is reported by State Electricity Company. The data is categorized under Global Database’s Indonesia – Table ID.RBH001: Average Price: Electricity.

  13. Monthly electricity prices in selected EU countries 2020-2025

    • statista.com
    • ai-chatbox.pro
    Updated Jul 8, 2025
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    Statista (2025). Monthly electricity prices in selected EU countries 2020-2025 [Dataset]. https://www.statista.com/statistics/1267500/eu-monthly-wholesale-electricity-price-country/
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    Dataset updated
    Jul 8, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - Jul 2025
    Area covered
    European Union
    Description

    Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

  14. United States Electric Retail Price: Sold by Electric Utilities: Avg:...

    • ceicdata.com
    Updated Nov 27, 2021
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    CEICdata.com (2021). United States Electric Retail Price: Sold by Electric Utilities: Avg: Residential [Dataset]. https://www.ceicdata.com/en/united-states/electricity-price/electric-retail-price-sold-by-electric-utilities-avg-residential
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    Dataset updated
    Nov 27, 2021
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    United States
    Variables measured
    Electricity
    Description

    United States Electric Retail Price: Sold by Electric Utilities: Avg: Residential data was reported at 12.890 USD/kWh in 2017. This records an increase from the previous number of 12.550 USD/kWh for 2016. United States Electric Retail Price: Sold by Electric Utilities: Avg: Residential data is updated yearly, averaging 7.565 USD/kWh from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 12.890 USD/kWh in 2017 and a record low of 2.200 USD/kWh in 1970. United States Electric Retail Price: Sold by Electric Utilities: Avg: Residential data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P011: Electricity Price.

  15. T

    France Electricity Price Data

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    TRADING ECONOMICS (2023). France Electricity Price Data [Dataset]. https://tradingeconomics.com/france/electricity-price
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Nov 28, 2011 - Jul 31, 2025
    Area covered
    France
    Description

    France Electricity decreased 5.85 EUR/MWh or 8.38% 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 France Electricity Price.

  16. T

    Italy Electricity Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +11more
    csv, excel, json, xml
    Updated Sep 13, 2023
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    TRADING ECONOMICS (2023). Italy Electricity Price Data [Dataset]. https://tradingeconomics.com/italy/electricity-price
    Explore at:
    xml, excel, json, csvAvailable download formats
    Dataset updated
    Sep 13, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2004 - Jul 31, 2025
    Area covered
    Italy
    Description

    Italy Electricity decreased 32.14 EUR/MWh or 23.33% 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.

  17. k

    Changes in Saudi Arabia Electricity Prices

    • datasource.kapsarc.org
    Updated Mar 21, 2018
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    (2018). Changes in Saudi Arabia Electricity Prices [Dataset]. https://datasource.kapsarc.org/explore/dataset/electricity-prices-in-saudi-arabia/
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    Dataset updated
    Mar 21, 2018
    Area covered
    Saudi Arabia
    Description

    This dataset is restricted, for more information please contact the author. Data were collected from multiple sources:The Electricity & Co-Generation Regulatory AuthoritySaudi Electricity companyWeb news article (2015, December 28). Increase of Fuel, Electricity and Water prices. Retrieved from https://akhbaar24.argaam.com/article/detail/255091accessed on March 22, 2018.In October 1984, the government adopted a Tariff that increased with increasing consumption. The changes of Tariffs started in November 1984.Tariff approved by Council of Ministries 170 and become effective in October 2000. This Tariff remained effective for approximately ten years The residential, agricultural, mosques, and charitable societies remained unchanged till 2018In 2010, a new tariff for government, commercial, and industrial consumption came into force, this was adopted by a decision of ECRA's board, to set tariffs for non-residential consumption with an upper limit of SR0.26/kWh.In 2015, the total value of electricity consumed by the residential sector was worth about 38 billion U.S. dollars.In 2018, the Council of Ministers has approved gradual revision of energy prices in the Kingdom including changes to electricity tariffs effective from Jan. 1. 2018, the Electricity and Cogeneration Regulatory Authority (ECRA) announced that new prices will take effect on January 1st, 2018.source: ECRACitation: Alghamdi, Abeer. 2018. “Changes in Saudi Arabia Electricity Prices.” [dataset]. https://datasource.kapsarc.org/explore/dataset/electricity-prices-in-saudi-arabia/information/.

  18. T

    ELECTRICITY PRICE by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 20, 2023
    + more versions
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    TRADING ECONOMICS (2023). ELECTRICITY PRICE by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/electricity-price?continent=europe
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    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    May 20, 2023
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Europe
    Description

    This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  19. United States Electricity: Average Retail Price: EIA: Residential

    • ceicdata.com
    Updated Nov 27, 2021
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    CEICdata.com (2021). United States Electricity: Average Retail Price: EIA: Residential [Dataset]. https://www.ceicdata.com/en/united-states/energy-price/electricity-average-retail-price-eia-residential
    Explore at:
    Dataset updated
    Nov 27, 2021
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2017 - Jan 1, 2018
    Area covered
    United States
    Variables measured
    Energy
    Description

    United States Electricity: Average Retail Price: EIA: Residential data was reported at 13.300 0.01 USD/kWh in Aug 2018. This records an increase from the previous number of 13.130 0.01 USD/kWh for Jul 2018. United States Electricity: Average Retail Price: EIA: Residential data is updated monthly, averaging 8.590 0.01 USD/kWh from Jul 1976 (Median) to Aug 2018, with 434 observations. The data reached an all-time high of 13.300 0.01 USD/kWh in Aug 2018 and a record low of 3.600 0.01 USD/kWh in Jan 1977. United States Electricity: Average Retail Price: EIA: Residential data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

  20. Electricity prices for households in Romania 2010-2024, semi-annually

    • statista.com
    Updated May 14, 2025
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    Statista (2025). Electricity prices for households in Romania 2010-2024, semi-annually [Dataset]. https://www.statista.com/statistics/418113/electricity-prices-for-households-in-romania/
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    Dataset updated
    May 14, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Romania
    Description

    The electricity prices for households in Romania registered a slight increase from 2010 to 2022. The average electricity price for households peaked in the second semester of 2022, amounting to 34.11 eurocents per kWh. However, only a small part of the electrical energy generated in Romania was destined for household consumption in 2024, most of it being directed towards industry consumption. The prices slightly dropped in the second half of 2024, achieving 18.63 euro cents per kilowatt-hour.

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Statista (2024). Residential electricity price growth in the U.S. 2000-2025 [Dataset]. https://www.statista.com/statistics/201714/growth-in-us-residential-electricity-prices-since-2000/
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Residential electricity price growth in the U.S. 2000-2025

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3 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Oct 15, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

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.

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