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.

Germany Electricity decreased 29.73 EUR/MWh or 25.69% 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.

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.

France Electricity decreased 4.49 EUR/MWh or 6.43% 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.

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.

Annual data on the average price of retail electricity to consumers. Data organized by U.S. state and by provider, i.e., total electric industry, full-service providers, restructured retail service providers, energy-only providers, and delivery-only service. Annual time series extend back to 1990. Based on Form EIA-861 data.

Italy Electricity decreased 15.25 EUR/MWh or 11.07% 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.

Industrial consumers of electricity in the United States paid an average of 8.15 U.S. dollar cents per kilowatt-hour in 2024. This was an increase compared to the previous year, when prices peaked at 8.3 U.S. dollar cents per kilowatt-hour. Prices are forecast to increase further to 8.32 U.S. dollar cents per kilowatt-hour by the end of 2025.

Spain Electricity decreased 51.66 EUR/MWh or 38.02% 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 Spain Electricity Price.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Houston-The Woodlands-Sugar Land, TX (CBSA) (APUS37B72610) from Nov 1978 to Dec 2024 about Houston, electricity, energy, urban, retail, TX, price, and USA.

This data set contains historical electricity sales, historical number of customers, and historical average electricity prices.

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.

U.S. Electricity Prices: 47 years of historical data from 1978 to 2025.

UK Electricity decreased 27.05 GBP/MWh or 26.40% 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.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Chicago-Naperville-Elgin, IL-IN-WI (CBSA) (APUS23A72610) from Nov 1978 to Dec 2024 about Chicago, electricity, energy, IL, IN, WI, urban, 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).

Industrial consumers of electricity in the United States paid an average of 8.06 U.S. dollar cents per kilowatt-hour in 2023. This figure marked a decrease compared to the previous year, when prices peaked at 8.3 U.S. dollar cents per kilowatt-hour.

New York Energy Prices presents retail energy price data. Energy prices are provided by fuel type in nominal dollars per specified physical unit for the residential, commercial, industrial, and transportation sectors. This section includes a column in the price table displaying gross domestic product (GDP) price deflators for converting nominal (current year) dollars to constant (real) dollars. To convert nominal to constant dollars, divide the nominal energy price by the GDP price deflator for that particular year. Historical petroleum, electricity, coal, and natural gas prices were compiled primarily from the Energy Information Administration. How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.

The statistic shows Texas' average retail price for electricity between 1998 and 2015, by sector. In 2015, the average retail price for electricity in the residential sector was 11.56 cents per kilowatt hour.