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.
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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.
Energy production and consumption statistics are provided in total and by fuel, and provide an analysis of the latest 3 months data compared to the same period a year earlier. Energy price statistics cover domestic price indices, prices of road fuels and petroleum products and comparisons of international road fuel prices.
Highlights for the 3 month period July to September 2016, compared to the same period a year earlier include:
*Major Power Producers (MPPs) data published monthly, all generating companies data published quarterly.
Highlights for November 2016 compared to October 2016:
Lead statistician Iain Macleay, Tel 0300 068 5048
Press enquiries, Tel 0300 060 4000
Statistics on monthly production and consumption of coal, electricity, gas, oil and total energy include data for the UK for the period up to the end of September 2016.
Statistics on average temperatures, wind speeds, sun hours and rainfall include data for the UK for the period up to the end of October 2016.
Statistics on energy prices include retail price data for the UK for October 2016, and petrol & diesel data for November 2016, with EU comparative data for October 2016.
The next release of provisional monthly energy statistics will take place on 22 December 2016.
To access the data tables associated with this release please click on the relevant subject link(s) below. For further information please use the contact details provided.
Please note that the links below will always direct you to the latest data tables. If you are interested in historical data tables please contact BEIS (kevin.harris@beis.gov.uk)
Subject and table number | Energy production and consumption, and weather data |
---|---|
Total Energy | Contact: Kevin Harris, Tel: 0300 068 5041 |
ET 1.1 | Indigenous production of primary fuels |
ET 1.2 | Inland energy consumption: primary fuel input basis |
Coal | Contact: Coal statistics, Tel: 0300 068 5050 |
ET 2.5 | Coal prod |
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Graph and download economic data for Global price of Energy index (PNRGINDEXM) from Jan 1992 to Jun 2025 about energy, World, indexes, and price.
Introduction of a power generation price cap across Europe for combined cycle gas turbine (CCGT) power plants could result in a considerable decrease in European energy bills. In a price cap scenario, the total increase in European energy bills in 2022 compared to the previous year is estimated to total *** billion euros. Meanwhile, an increase in energy bills of more than *** billion euros is the estimated result when no price cap is introduced.
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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 Jun 2025 about energy, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.
The average wholesale electricity price in July 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.
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Germany Electricity decreased 33.72 EUR/MWh or 29.14% 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.
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Graph and download economic data for Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average (CUSR0000SEHF01) from Jan 1952 to Jun 2025 about electricity, urban, consumer, CPI, price index, indexes, price, and USA.
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The collection "Protests Armenia 2015: Video Database" is part of a larger and ongoing collection of videos on protest events in the post-Soviet region. It contains a database describing 104 videos (mp4) of protests in Armenia in July 2015 (mainly Yerevan area) triggered by a hike in electricity rates. We compiled the material in March to May 2020. All data is processed in an MS Excel database with metadata. For this kind of collections on protest events we take into account all videos that 1) are event related AND show actions of this event, 2) are fully accessible, 3) we can find with our search words during a particular period. We strictly aim at a systematic and unbiased selection and organized precessing of protest-related videos. We identify particular event-related search words or phrases after intense research on the event. According to the snowball principle, we then start the search of videos and try to describe as much relevant content as possible. However, we cannot guarantee the completeness of protest videos on the particular event. We search the videos and include them into the collection until a particular degree of saturation has been reached. The videos have been posted mainly by the participants of the events. Therefore, the material is only an extract and biased by the perspective of the single creator. Due to data privacy regulations and copyright restrictions, we are only allowed to give access to the database of the collected video files including the hyperlinks with its metadata and not to the videos themselves. YouTube's user guidelines do not allow us to store copies of the video collection described above.
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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.
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UK Electricity decreased 20.50 GBP/MWh or 20.01% 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 the United Kingdom Electricity Price.
Official statistics are produced impartially and free from political influence.
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A comprehensive dataset of average residential, commercial, and combined electricity rates in cents per kWh for all 50 U.S. states.
The inflation rates of energy commodity prices in Romania began increasing in 2021, and have fluctuated widely since then. Gas has seen the steepest rise, with the inflation rate peaking at 76.9 percent in June 2022. These increases in inflation were driven further by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.
The inflation rates of energy commodity prices in the Netherlands began to increase significantly in 2021. Electricity and gas have seen the steepest rise, with the inflation rate peaking in September 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. Energy commodity prices showed an increase in the country in 2024, after dropping in 2023.
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Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Energy Services in U.S. City Average (CUSR0000SASLE) from Jan 1967 to Jun 2025 about energy, urban, consumer, services, CPI, inflation, price index, indexes, price, and USA.
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Japan JP: Residential Electricity Price: USD per kWh data was reported at 0.330 USD/kWh in 2022. This records an increase from the previous number of 0.260 USD/kWh for 2021. Japan JP: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.220 USD/kWh from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 0.330 USD/kWh in 2022 and a record low of 0.190 USD/kWh in 2002. Japan JP: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.
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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.
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.