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.

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

The average wholesale electricity price in September 2025 in the United Kingdom is forecast to amount to*******British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged ***** British pounds per megawatt-hour. Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

Energy Inflation in the United States increased to 2.80 percent in September from 0.20 percent in August of 2025. This dataset includes a chart with historical data for the United States Energy Inflation.

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

Complete dataset of average residential and commercial electricity rates in cents per kWh for all 50 states and D.C. as of December 2025.

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 Sep 2025 about energy, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.

Electricity prices in the U.S. have surged due to rising demand from heatwaves and data centers, alongside investments in grid infrastructure.

The inflation rates of energy commodity prices in Italy began to increase significantly in 2021 and continued throughout 2022. Electricity has seen the steepest rise, with the inflation rate reaching 199 percent in October 2022. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility. Since the beginning of 2023, energy commodity prices have shown a decrease in the country. However, prices started to increase in 2024, with the escalation of the Middle-East conflict.

Energy commodity price inflation in Hungary increased significantly in 2022. Gas price inflation recorded the highest increase, reaching 120 percent in October 2022. Energy commodity prices have increased in light of the Russia-Ukraine war and an ongoing fuel supply shortage. However, since July 2023, energy commodity price inflation has shown a decline in the country.

Energy inflation rates in the European Union have experienced significant fluctuations in recent years, with dramatic increases followed by sharp declines. The impact of geopolitical events, particularly Russia's invasion of Ukraine and the tensions in the Middle East, has led to intense volatility in energy prices across various commodities. As of June 2025, liquid fuels are projected to have a negative inflation rate of nine percent, a stark contrast to the peak of 88 percent seen in June 2022. Broader energy price trends The volatility in energy inflation rates is reflected in broader price indices. The harmonized index of consumer prices (HICP) for energy in the EU reached nearly 170 index points in October 2022, before declining slightly in 2023 and 2024. This surge was largely driven by increased fuel demand after the COVID-19 pandemic and sanctions on Russian fossil fuel imports. By comparison, the global energy price index stood at approximately 101.5 in 2024, with forecasts suggesting a decrease to below 80 by 2026. This was considerably lower than the HICP in the EU in 2025, which was around 150. Energy consumption patterns Despite price volatility, global primary energy consumption was continuously rising and is expected to increase until 2045. While renewable energy production is projected to grow in the upcoming years, oil and gas will remain the dominant energy sources worldwide in the next few decades. The two fossil fuels had a central role in the EU’s energy sector as well, having accounted for almost 65 percent of the region’s primary energy consumption in 2024.

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

Germany Electricity decreased 17.60 EUR/MWh or 15.21% 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.

US Electricity Prices and Sales by State, Sector, and Year

https://www.googleapis.com/download/storage/v1/b/kaggle-user-content/o/inbox%2F8734253%2Fdba0dac3571f37e79f2891a6ffd80d5c%2Fus%20electric%20flag.png?generation=1712518711362350&alt=media" alt=""> This comprehensive dataset offers a detailed look at the United States electricity market, providing valuable insights into prices, sales, and revenue across various states, sectors, and years. With data spanning from 2001 onwards to 2024, this dataset is a powerful tool for analyzing the complex dynamics of the US electricity market and understanding how it has evolved over time.

The dataset includes eight key variables: | Column Name | Description | |-------|-------| | year | The year of the observation | | month | The month of the observation | | stateDescription | The name of the state | | sectorName | The sector of the electricity market (residential, commercial, industrial, other, or all sectors) | | customers | The number of customers (missing for some observations) | | price | The average price of electricity per kilowatt-hour (kWh) in cents | | revenue | The total revenue generated from electricity sales in millions of dollars | | sales | The total electricity sales in millions of kilowatt-hours (kWh) |

By providing such granular data, this dataset enables users to conduct in-depth analyses of electricity market trends, comparing prices and consumption patterns across different states and sectors, and examining the impact of seasonality on demand and prices.

One of the primary applications of this dataset is in forecasting future electricity prices and sales based on historical trends. By leveraging the extensive time series data available, researchers and analysts can develop sophisticated models to predict how prices and demand may change in the coming years, taking into account factors such as economic growth, population shifts, and policy changes. This predictive power is invaluable for policymakers, energy companies, and investors looking to make informed decisions in the rapidly evolving electricity market.

Another key use case for this dataset is in investigating the complex relationships between electricity prices, sales volumes, and revenue. By combining the price, sales, and revenue data, users can explore how changes in prices impact consumer behavior and utility company bottom lines. This analysis can shed light on important questions such as the price elasticity of electricity demand, the effectiveness of energy efficiency programs, and the potential impact of new technologies like renewable energy and energy storage on the market.

Beyond its immediate applications in the energy sector, this dataset also has broader implications for understanding the US economy and society as a whole. Electricity is a critical input for businesses and households across the country, and changes in electricity prices and consumption can have far-reaching effects on economic growth, competitiveness, and quality of life. By providing such a rich and detailed portrait of the US electricity market, this dataset opens up new avenues for research and insights that can inform public policy, business strategy, and academic inquiry.

I hope you all enjoy using this dataset and find it useful! 🤗

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.