In 2022, generation was the largest component of the average electricity price in the United States, accounting for almost 62 percent. Distribution contributed with approximately one fourth of the price, while transmission had the lowest share. That year, the retail electricity price in the U.S. averaged 12.49 U.S. cents per kilowatt-hour.

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.

In 2022, the average end-use electricity price in the United States stood at around 12.2 U.S. cents per kilowatt-hour. This figure is projected to decrease in the coming three decades, to reach some 11 U.S. cents per kilowatt-hour by 2050.

The retail price for electricity in the United States stood at an average of 12.72 U.S. dollar cents per kilowatt-hour in 2023. 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. Electricity prices in the U.S. by consumer group On average, retail electricity prices in the U.S. grew by over 85 percent since the beginning of the century. However, not every sector has been affected equally by the said price increase. U.S. electricity prices for residential customers saw a much steeper increase in the period, while transportation prices increased by approximately 50 percent. Reasons for increases in electricity prices The rising prices are justified by the costs of power production and power grid maintenance. Although the production cost of electricity generated from coal, natural gas, and nuclear sources remained relatively stable, the integration of renewable energy sources, investments in smart grid technologies, growing peak demand, power blackouts caused by natural disasters, and the global energy crisis in 2022 continued to trouble the electric utility industry in recent years. Average U.S. electricity prices per state can also vary widely, with Hawaii residents experiencing some of the highest rates in the country.

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/).

In 2022, industrial electricity prices were highest in the state of Hawaii, located offshore the Pacific coast of the United States. In Hawaii, electricity prices for industries amounted to 36.71 U.S. dollar cents per kilowatt-hour that year. Alaska, Rhode Island, and Massachusetts followed with roughly 18 U.S. dollar cents per kilowatt-hour each. Hawaii accounted for the highest residential electricity price in the U.S., as well.

The average retail electricity price for the residential sector in the United States was an estimated 44.1 U.S. dollars per million British thermal units in 2022. In comparison, an estimated retail price of 24.41 U.S. dollars was recorded for the industrial sector.

Although the American Community Survey (ACS) produces population, demographic and housing unit estimates, the decennial census is the official source of population totals for April 1st of each decennial year. In between censuses, the Census Bureau's Population Estimates Program produces and disseminates the official estimates of the population for the nation, states, counties, cities, and towns and estimates of housing units for states and counties..Information about the American Community Survey (ACS) can be found on the ACS website. Supporting documentation including code lists, subject definitions, data accuracy, and statistical testing, and a full list of ACS tables and table shells (without estimates) can be found on the Technical Documentation section of the ACS website.Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section..Source: U.S. Census Bureau, 2022 American Community Survey 1-Year Estimates.Data are based on a sample and are subject to sampling variability. The degree of uncertainty for an estimate arising from sampling variability is represented through the use of a margin of error. The value shown here is the 90 percent margin of error. The margin of error can be interpreted roughly as providing a 90 percent probability that the interval defined by the estimate minus the margin of error and the estimate plus the margin of error (the lower and upper confidence bounds) contains the true value. In addition to sampling variability, the ACS estimates are subject to nonsampling error (for a discussion of nonsampling variability, see ACS Technical Documentation). The effect of nonsampling error is not represented in these tables..The 2022 American Community Survey (ACS) data generally reflect the March 2020 Office of Management and Budget (OMB) delineations of metropolitan and micropolitan statistical areas. In certain instances the names, codes, and boundaries of the principal cities shown in ACS tables may differ from the OMB delineations due to differences in the effective dates of the geographic entities..Estimates of urban and rural populations, housing units, and characteristics reflect boundaries of urban areas defined based on 2020 Census data. As a result, data for urban and rural areas from the ACS do not necessarily reflect the results of ongoing urbanization..Explanation of Symbols:- The estimate could not be computed because there were an insufficient number of sample observations. For a ratio of medians estimate, one or both of the median estimates falls in the lowest interval or highest interval of an open-ended distribution. For a 5-year median estimate, the margin of error associated with a median was larger than the median itself.N The estimate or margin of error cannot be displayed because there were an insufficient number of sample cases in the selected geographic area. (X) The estimate or margin of error is not applicable or not available.median- The median falls in the lowest interval of an open-ended distribution (for example "2,500-")median+ The median falls in the highest interval of an open-ended distribution (for example "250,000+").** The margin of error could not be computed because there were an insufficient number of sample observations.*** The margin of error could not be computed because the median falls in the lowest interval or highest interval of an open-ended distribution.***** A margin of error is not appropriate because the corresponding estimate is controlled to an independent population or housing estimate. Effectively, the corresponding estimate has no sampling error and the margin of error may be treated as zero.

Energy Inflation in the United States decreased to -0.20 percent in February from 1 percent in January of 2025. This dataset includes a chart with historical data for the United States Energy Inflation.

Graph and download economic data for Producer Prices Index: Economic Activities: Energy: Total for United States (PIEAEN01USM661N) from Jan 1960 to Dec 2022 about energy, PPI, price index, indexes, price, and USA.

Graph and download economic data for Producer Prices Index: Economic Activities: Energy: Total for United States (USAPIEAEN01GYQ) from Q1 1960 to Q4 2022 about energy, PPI, price index, indexes, and price.

Electricity prices for industries in the United States increased over the past few years, peaking in summer 2022. Industrial electricity prices amounted to 7.95 U.S. cents per kilowatt-hour in May 2024, up from 7.82 U.S. dollar cents per kilowatt-hour the previous month. The average retail electricity price for industrial consumers in the United States stood at 8.06 U.S. dollar cents per kilowatt-hour in 2023.

United States Natural Gas: Average Residential Price: Kentucky data was reported at 13.750 USD/1000 Cub ft in Nov 2024. This records a decrease from the previous number of 18.400 USD/1000 Cub ft for Oct 2024. United States Natural Gas: Average Residential Price: Kentucky data is updated monthly, averaging 10.160 USD/1000 Cub ft from Jan 1989 (Median) to Nov 2024, with 431 observations. The data reached an all-time high of 33.710 USD/1000 Cub ft in Aug 2022 and a record low of 4.270 USD/1000 Cub ft in Nov 1995. United States Natural Gas: Average Residential Price: Kentucky data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

Q1-2022 U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks With Minimum Sustainable Price Analysis Data File

United States - Producer Price Index by Industry: Electric Power Distribution was 187.64900 Index Dec 2003=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Electric Power Distribution reached a record high of 214.03100 in August of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Electric Power Distribution - last updated from the United States Federal Reserve on March of 2025.

Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on March of 2025.

United States - Consumer Price Index for All Urban Consumers: Energy Services in U.S. City Average was 237.82500 Index 1982-84=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Energy Services in U.S. City Average reached a record high of 237.82500 in March of 2022 and a record low of 18.20000 in August of 1946. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Energy Services in U.S. City Average - last updated from the United States Federal Reserve on March of 2025.

United States Natural Gas Exports: Avg Price: LNG: To Thailand data was reported at 6.150 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 11.750 USD/1000 Cub ft for Nov 2024. United States Natural Gas Exports: Avg Price: LNG: To Thailand data is updated monthly, averaging 6.185 USD/1000 Cub ft from Mar 2017 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 28.890 USD/1000 Cub ft in Jun 2022 and a record low of 2.440 USD/1000 Cub ft in Mar 2020. United States Natural Gas Exports: Avg Price: LNG: To Thailand data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P015: Natural Gas Export Price: Liquefied Natural Gas.

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.

United States - Consumer Price Index for All Urban Consumers: Commodities Less Food and Energy Commodities in U.S. City Average was 164.44900 Index 1982-84=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Commodities Less Food and Energy Commodities in U.S. City Average reached a record high of 164.55900 in February of 2022 and a record low of 37.00000 in February of 1957. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Commodities Less Food and Energy Commodities in U.S. City Average - last updated from the United States Federal Reserve on March of 2025.