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.

In 2024, the retail price of electricity for residential customers in the United States averaged 16.48 U.S. cents per kilowatt-hour. Households are charged more than the commercial and industrial sectors, because of the higher distribution costs. Since 2020, electricity customers have seen electricity prices increase in the U.S. and peak in 2024. The U.S. electricity market The U.S. electricity market is led by several types of electricity providers, such as cooperatives, municipal systems, and shareholder-owned electric utilities. In 2022, cooperatives were the most common type of ownership in the U.S., with more than 600 providers. That year, the U.S. electric utility industry revenue amounted to 488 billion U.S. dollars. Electricity prices around the world Electricity prices vary widely from country to country, depending on energy sources used, as well as government and industry subsidies and regulations. In 2023, Ireland and the United Kingdom had some of the highest household electricity prices worldwide. Meanwhile, U.S. households paid some of the lowest prices. However, leading oil and gas-producing regions such as the Middle East registered the cheapest rates overall.

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.

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.

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

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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Household Energy in U.S. City Average (CUSR0000SAH21) from Jan 1967 to May 2025 about energy, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.

Comprehensive historical data and future forecasts for Electricity prices in United States, crucial for market analysis and strategic planning.

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

Graph and download economic data for Consumer Price Index for All Urban Consumers: Electricity in Size Class A (CUURA000SEHF01) from Dec 1986 to May 2025 about electricity, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The average retail price of electricity for households has risen steadily in the United States, reaching a peak of around 15.98 cents per kilowatt-hour in 2023. In the U.S., electricity prices tend to reflect base overnight costs for power plants, their maintenance, fuel costs, and the operation of power grids. How electricity rates differ across states in the U.S. The price of electricity varies widely across states. Hawaii has continuously had one of the highest rates and Washington one of the lowest. In Hawaii, the power sector is largely reliant on petroleum and diesel generators. Crude oil is a comparatively expensive fuel and prices tend to be volatile, driving up overall electricity prices. Meanwhile, electricity prices are low in states which use hydropower as the main source of electricity, as Washington. In the U.S., costs of electricity are greatly shaped by the primary power source used per state. Maintaining the power grid In addition to primary fuel purchases, the costs required to operate and maintain transmission and distribution systems also impact the prices that a household pays. In 2022, power utilities reported a peak in grid operating expenses, with transmission-related costs reaching 15.9 billion U.S. dollars and almost six billion U.S. dollars invested in distribution networks.

New York Energy Prices presents retail energy price data. Energy prices are provided by fuel type in nominal dollars per million Btu 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.

Refiner Price: End User: EIA: No 1 Distillate data was reported at 2.566 USD/gal in Mar 2018. This records an increase from the previous number of 2.510 USD/gal for Feb 2018. Refiner Price: End User: EIA: No 1 Distillate data is updated monthly, averaging 0.925 USD/gal from Jan 1983 (Median) to Mar 2018, with 393 observations. The data reached an all-time high of 4.189 USD/gal in Jul 2008 and a record low of 0.432 USD/gal in Jul 1986. Refiner Price: End User: EIA: No 1 Distillate 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.

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

Crude Oil Price: EIA: FOB Cost of Imports: Colombia data was reported at 67.290 USD/Barrel in Aug 2018. This records a decrease from the previous number of 68.320 USD/Barrel for Jul 2018. Crude Oil Price: EIA: FOB Cost of Imports: Colombia data is updated monthly, averaging 32.605 USD/Barrel from Jul 1988 (Median) to Aug 2018, with 300 observations. The data reached an all-time high of 125.580 USD/Barrel in Jun 2008 and a record low of 9.580 USD/Barrel in Dec 1998. Crude Oil Price: EIA: FOB Cost of Imports: Colombia 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.

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.

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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Energy Commodities in U.S. City Average (CUUR0000SACE) from Jan 1957 to May 2025 about energy, urban, consumer, CPI, commodities, inflation, price index, indexes, price, and USA.