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.

A table listing the average electricity rates (kWh) of all 50 U.S. states as of March 2025.

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.

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

This table contains consumer prices for electricity and gas. Weighted average monthly prices are published broken down into transport rate, delivery rates and taxes, both including and excluding VAT. These prices are published on a monthly basis. The prices presented in this table were used to compile the CPI up to May 2023. Prices for newly offered contracts were collected. Contract types that are no longer offered, but have been in previous reporting periods, are imputed. The average can therefore diverge from the prices paid for energy contracts by Dutch households.

Data available from January 2018 up to May 2023.

Status of the figures: The figures are definitive.

Changes as of 17 July 2023: This table will no longer be updated. Due to a change in the underlying data and accompanying method for calculcating average energy prices, a new table was created. See paragraph 3.

Changes as of 13 February: Average delivery rates are not shown in this table from January 2023 up to May 2023. With the introduction of the price cap, the average energy rates (delivery rates) of fixed and variable energy contracts together remained useful for calculating a development for the CPI. However, as a pricelevel, they are less useful. Average energy prices from January 2023 up to May 2023 are published in a customized table. In this publication, only data concerning new variable contracts are taken into account

When will new figures be published? Does not apply.

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.

Graph and download economic data for Global price of Energy index (PNRGINDEXM) from Jan 1992 to May 2025 about energy, World, indexes, and price.

This dataset, compiled by NREL using data from ABB, the Velocity Suite (http://energymarketintel.com/) and the U.S. Energy Information Administration dataset 861 (http://www.eia.gov/electricity/data/eia861/), provides average residential, commercial and industrial electricity rates with likely zip codes for both investor owned utilities (IOU) and non-investor owned utilities. Note: the files include average rates for each utility (not average rates per zip code), but not the detailed rate structure data found in the OpenEI U.S. Utility Rate Database (https://openei.org/apps/USURDB/).

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

Total estimated annual dollar value of utility discounts for businesses approved for ECSP benefits during the fiscal year.

NREL has assembled a list of U.S. retail electricity tariffs and their associated demand charge rates for the Commercial and Industrial sectors. The data was obtained from the Utility Rate Database. Keep the following information in mind when interpreting the data: (1) These data were interpreted and transcribed manually from utility tariff sheets, which are often complex. It is a certainty that these data contain errors, and therefore should only be used as a reference. Actual utility tariff sheets should be consulted if an action requires this type of data. (2) These data only contains tariffs that were entered into the Utility Rate Database. Since not all tariffs are designed in a format that can be entered into the Database, this list is incomplete - it does not contain all tariffs in the United States. (3) These data may have changed since this list was developed (4) Many of the underlying tariffs have additional restrictions or requirements that are not represented here. For example, they may only be available to the agricultural sector or closed to new customers. (5) If there are multiple demand charge elements in a given tariff, the maximum demand charge is the sum of each of the elements at any point in time. Where tiers were present, the highest rate tier was assumed. The value is a maximum for the year, and may be significantly different from demand charge rates at other times in the year. Utility Rate Database: https://openei.org/wiki/Utility_Rate_Database

The data package provides average residential, commercial, and industrial electricity rates by zip code for both investor-owned utilities (IOU) and non-investor owned utilities. The datasets include information such as peak load, generation, electric purchases, sales, revenues, customer counts and demand-side management programs, green pricing and net metering programs, and distributed generation capacity.

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.

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 November 2024 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. In 2024, the electricity and gas prices showed an increasing trend.

Energy Inflation in the United States decreased by 0.80 percent in June from -3.50 percent in May of 2025. This dataset includes a chart with historical data for the United States Energy Inflation.

The Electricity Supply industry has developed considerably since its liberalisation in 1999. Following a period in which the Big Six suppliers dominated, energy regulator Ofgem endeavoured to introduce greater competition to the market as part of attempts to drive down energy bills. Major mergers and acquisitions effectively brought the dominance of the former Big Six suppliers to an end at the end of 2019-20. Along with weakening electricity consumption, swelling competition has applied further pressure on revenue in recent years. Electricity suppliers' revenue is slated to climb at a compound annual rate of 4.7% to reach £49.8 billion over the five years through 2024-25. The introduction of the standard variable tariff price cap in January 2019 squeezed revenue growth. The pandemic exacerbated the drop in revenue, as widespread tariff reductions compounded the effects of reduced electricity consumption. With suppliers bound by the energy price cap, soaring wholesale prices led to widening operating losses in 2021-22, albeit with a modest revenue recovery. A renewed spike in wholesale prices led to a continued wave of insolvencies among energy suppliers going into 2022-23, with 31 suppliers falling victim to the energy crisis. Soaring non-domestic energy bills and significant hikes to the SVT price cap spurred significant revenue growth in 2022-23, while the transfer of customer accounts from failed suppliers reinstated the dominance of major suppliers. The introduction of the Energy Price Guarantee (EPG) and support for business energy customers prevented energy prices from spiralling out of control going into 2023-24. A faster-than-anticipated drop in wholesale electricity prices has eased pressure on operating profit in the current year, contributing to an estimated 10.1% revenue contraction. Revenue is forecast to sink at a compound annual rate of 0.9% to £47.6 billion over the five years through 2029-30. Prices will remain elevated in the medium term as concerns surrounding supplies of Russian fossil fuels into Europe inflate wholesale costs. Wholesale prices are set to stabilise in the long term, spurring tariff reductions. The continued drop in electricity consumption is also set to limit growth prospects in the coming years.

Crude Oil Price: EIA: Landed Cost of Imports: Saudi Arabia data was reported at 67.130 USD/Barrel in Apr 2018. This records an increase from the previous number of 64.510 USD/Barrel for Mar 2018. Crude Oil Price: EIA: Landed Cost of Imports: Saudi Arabia data is updated monthly, averaging 25.325 USD/Barrel from Oct 1973 (Median) to Apr 2018, with 516 observations. The data reached an all-time high of 126.380 USD/Barrel in May 2008 and a record low of 5.280 USD/Barrel in Oct 1973. Crude Oil Price: EIA: Landed Cost of Imports: Saudi Arabia data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.