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.

Germany Electricity decreased 30.21 EUR/MWh or 26.10% 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.

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 2022, the average electricity retail price in Vietnam was at *** U.S. cents per kilowatt hour. The average retail price for electricity in the country has been growing steadily in the country in recent years.

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.

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

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.

France Electricity decreased 6.10 EUR/MWh or 8.73% 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 France Electricity Price.

South Korea Residential Electricity Price: USD per kWh data was reported at 0.180 USD/kWh in 2023. This records an increase from the previous number of 0.150 USD/kWh for 2022. South Korea Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.160 USD/kWh from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 0.180 USD/kWh in 2023 and a record low of 0.130 USD/kWh in 2021. South Korea 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 South Korea – Table KR.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Brazil Energy: Average Current Prices: Source: Electricity: Industry data was reported at 268.117 USD/BOE in 2023. This records an increase from the previous number of 261.376 USD/BOE for 2022. Brazil Energy: Average Current Prices: Source: Electricity: Industry data is updated yearly, averaging 93.215 USD/BOE from Dec 1973 (Median) to 2023, with 51 observations. The data reached an all-time high of 300.176 USD/BOE in 2015 and a record low of 36.812 USD/BOE in 1973. Brazil Energy: Average Current Prices: Source: Electricity: Industry data remains active status in CEIC and is reported by Ministry of Mining and Energy. The data is categorized under Global Database’s Brazil – Table BR.PE001: Average Current and Constant Price. In order to keep the series, is adopted boe based on higher heating value of the source.

Albania Electricity Price: Household Consumers (HC): Total kWh: incl All Taxes & Levies data was reported at 0.101 EUR/kWh in Jun 2023. This records an increase from the previous number of 0.098 EUR/kWh for Dec 2022. Albania Electricity Price: Household Consumers (HC): Total kWh: incl All Taxes & Levies data is updated semiannually, averaging 0.099 EUR/kWh from Dec 2022 (Median) to Jun 2023, with 2 observations. The data reached an all-time high of 0.101 EUR/kWh in Jun 2023 and a record low of 0.098 EUR/kWh in Dec 2022. Albania Electricity Price: Household Consumers (HC): Total kWh: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Albania – Table AL.Eurostat: Electricity Price: Household Consumers.

In April 2025, electricity prices in the United Kingdom amounted 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.

According to a survey conducted in April 2022, more than half of the participants believed that the increase in their electricity bills was due to government policies in Turkey. Over one-third of the respondents held energy companies responsible for the growth in electricity prices.

In the observed period, weighted average monthly electricity prices on the day-ahead market in Poland increased from ****** zloty/MWh in January 2018 to over *** zloty/MWh (***** EUR/MWh) in April 2025. The record weighted average price occurred in August 2022, exceeding ***** zloty. Consumption of electricity in Poland Electricity is essential to modern life and vital to every country’s economy. Starting from 1990, the final annual electricity consumption reached a value of ***** terawatt-hours. It eventually grew to *** tWh in 2023, which happened to be a *** percent decrease compared to the previous year. Consumption of solar photovoltaic power has become popular in recent years, but also the capacity of solar photovoltaic per inhabitant in Poland has significantly increased, rising from just *** watts per inhabitant in 2013 to ***** W/inhab in 2023. In 2023, **** million customers in Poland used electricity with consumption lower than ** megawatt-hours. Electricity production from renewables Throughout the years, there have been different methods and sources of electricity production worldwide. Starting in 2012, the electricity production from solar photovoltaic power generated only *** gigawatt-hours. In 2023, Poland's electricity production volume from solar photovoltaic power reached a peak of over ** terawatt hours. Another source of electricity production was the wind. Where the production of electricity from wind steadily increased from **** gigawatt-hours in 2000 to ****** gigawatt-hours in 2023. Biogas and biomass also play a significant role in the production of electricity. In 2012, electricity production from biogas and biomass was the highest at around ****** gigawatt-hours. However, in 2022, the production decreased, reaching ***** GWh.

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.

Against the backdrop of climate change, continuously increasing environmental awareness among consumers and strict guidelines regarding environmental protection, energy suppliers are being forced to implement capital-intensive, technologically complex restructuring measures as part of the energy transition. This is particularly the case at the production level, but also with regard to the expansion of transmission and distribution networks. Industry revenue generated by the generation, transmission, distribution and trading of electricity grew by an average of 4.2% per year in the period from 2020 to 2025. In the current year, sales are expected to fall by 3.7% to €788.6 billion. The reason for the decline in turnover is the expected fall in electricity consumption and lower electricity prices, which are also likely to result in a slight decrease in the profit margin.With Germany phasing out nuclear power in April 2023 and coal-fired power generation by 2038, industry players have already invested continuously in the construction of wind and solar power plants and other technologies for environmentally friendly power generation in recent years. The growth in industry turnover in 2021 and 2022 is partly due to the rising electricity price and partly to the temporary increase in electricity consumption. In 2020, the increase in electricity consumption in private households was unable to offset the lower electricity demand in industry due to the pandemic. Supply chains were disrupted by the coronavirus pandemic and production in some manufacturing industries was temporarily curtailed or stopped completely. This in turn led to lower production volumes and a decline in electricity consumption. In 2022, the war in Ukraine contributed to an increase in electricity production costs, which were passed on to the consumer markets. At the same time, electricity consumption in industry increased. Since 2023, both prices and electricity consumption as well as industry turnover have been declining.For the period from 2025 to 2030, IBISWorld is forecasting average revenue growth of 1.9% per year to €865.2 billion. In order to remain competitive, industry players will have to invest in renewable energies, storage systems and innovative technologies in the future - including smart devices or applications that use intelligent data collection and analysis methods to ensure the most efficient energy supply possible. The power outage in Spain and Portugal in April 2025 was a warning of how crucial networking, redundancy and flexible backup mechanisms are for the stability of a modern power grid. It has been confirmed that the strong integration into the European grid, technical precautions and ongoing monitoring minimise the risk of a comparable blackout in Germany. Automatic protection systems, rapid response options and the ability to gradually rebuild the grid therefore remain key tasks for the future of the German electricity supply.