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.

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 forecasted 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 April 2025. This represents an increase of about ** euros compared to the previous year, suggesting that gas prices will continue to influence electricity rates across Europe. 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.

The inflation rates of energy commodity prices in Germany began to significantly increase in 2021, a rise that continued throughout 2022. The gas inflation rate peaked in November 2022 at 82 percent. These increases in inflation were driven by tighter fossil fuel supplies since many economies began recovering from the coronavirus pandemic, and further worsened by supply fears following the Russia-Ukraine war. However, in 2024, the HCIP has decreased compared to the previous year.

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.

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

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.

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.

Data available from: January 2021

Status of the figures: When first published, the figures are provisional. These will become definitive with the following month’s publication.

Changes compared with previous version: Data on the most recent period have been added and/or adjustments have been implemented.

When will new figures be published? New figures will usually be published between the first and second Thursday of the month.

This dataset, compiled by NREL using data from ABB, the Velocity Suite and the U.S. Energy Information Administration dataset 861, 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.

Nearly ** percent of Hungarians found increasing energy prices in the European Union very concerning as of 2021. Only **** percent of the respondents was not concerned about the issue.

The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

Austria Energy Prices: Gross: Annual Avg: Hard Coal: Industry data was reported at 305.920 EUR/Ton in 2022. This records an increase from the previous number of 178.360 EUR/Ton for 2021. Austria Energy Prices: Gross: Annual Avg: Hard Coal: Industry data is updated yearly, averaging 161.547 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 305.920 EUR/Ton in 2022 and a record low of 76.339 EUR/Ton in 2003. Austria Energy Prices: Gross: Annual Avg: Hard Coal: Industry data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

Percentage of establishments according to their reactions to the increase in energy prices produced since the end of 2021, by Canary Islands. Data for Q2 2023.

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.

Austria Energy Prices: Gross: Annual Avg: Diesel: Private Consumption data was reported at 1.820 EUR/l in 2022. This records an increase from the previous number of 1.240 EUR/l for 2021. Austria Energy Prices: Gross: Annual Avg: Diesel: Private Consumption data is updated yearly, averaging 1.113 EUR/l from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 1.820 EUR/l in 2022 and a record low of 0.727 EUR/l in 2003. Austria Energy Prices: Gross: Annual Avg: Diesel: Private Consumption data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

Austria Energy Prices: Gross: Annual Avg: Gas Oil: Households data was reported at 789.470 EUR/Ton in 2022. This records an increase from the previous number of 422.730 EUR/Ton for 2021. Austria Energy Prices: Gross: Annual Avg: Gas Oil: Households data is updated yearly, averaging 714.712 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 999.837 EUR/Ton in 2012 and a record low of 393.822 EUR/Ton in 2003. Austria Energy Prices: Gross: Annual Avg: Gas Oil: Households data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

Germany Electricity decreased 31.48 EUR/MWh or 27.20% 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.

Canada’s Energy Future 2021: Energy Supply and Demand Projections to 2050 (EF2021) is the latest long-term energy outlook from the Canada Energy Regulator (CER). The Canada’s Energy Future series explores how possible energy futures might unfold for Canadians over the long term. We use economic and energy models to make these projections. The CER bases our projections on assumptions about future trends in technology, energy and climate policies, energy markets, human behaviour, and the structure of the economy. EF2021 includes two core scenarios: The Evolving Policies Scenario and the Current Policies Scenario. The central difference between these scenarios is the level of future climate action, both globally and domestically. In both scenarios we provide projections for all energy commodities and all provinces and territories. EF2021 also includes six additional electricity scenarios that explore what Canada’s electricity system might look like in a net-zero world. These scenarios focus only on how Canada will meet given electricity demands under different conditions, and do not include projections for other energy commodities. Electricity is an important contributor to achieving net-zero emissions, so these projections are an important step in modeling related to a net-zero energy system in the Canada’s Energy Future series.

Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data was reported at 685.610 EUR/Ton in 2022. This records an increase from the previous number of 419.940 EUR/Ton for 2021. Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data is updated yearly, averaging 358.918 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 685.610 EUR/Ton in 2022 and a record low of 154.000 EUR/Ton in 2004. Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.