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.

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

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

Monthly average retail electricity prices by state from EIA (Residential, Commercial, All Sectors).

United States Electricity Consumption data was reported at 10.243 kWh/Day bn in Mar 2025. This records a decrease from the previous number of 11.765 kWh/Day bn for Feb 2025. United States Electricity Consumption data is updated monthly, averaging 9.940 kWh/Day bn from Jan 1991 (Median) to Mar 2025, with 411 observations. The data reached an all-time high of 13.179 kWh/Day bn in Jul 2024 and a record low of 7.190 kWh/Day bn in Apr 1991. United States Electricity Consumption 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.RB004: Electricity Supply and Consumption. [COVID-19-IMPACT]

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.

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.

A comprehensive dataset of average residential, commercial, and combined electricity rates in cents per kWh for all 50 U.S. states.

The average wholesale electricity price in August 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.

Natural gas prices are the highest in the residential sector. In 2024, U.S. households paid 14.59 U.S. dollars per 1,000 cubic feet, down from an all-time high of over 15.2 U.S. dollars per 1,000 cubic feet. Overall, U.S. residential natural gas prices have increased nearly tenfold since 1975. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around three U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. The growing natural gas market U.S. natural gas consumption has increased more than any other fuel after the U.S. oil boom of the 2010s. Petroleum consumption has been more variable, and use of coal has significantly decreased. Today, natural gas is used extensively for electric power generation, with it having overtaken coal as the primary electricity generating source. This is despite coal prices being a lot less volatile and generally lower than natural gas. Future of natural gas on the global stage Natural gas is also an important energy source worldwide. It has been the second-largest source of electricity generation since the 2000s and has slowly narrowed the gap to coal, the world's main power source. In 2024, natural gas-powered turbines the world over generated 6,890 terawatt-hours of electricity.

Usage Price: Electricity for Industry: 35 kV & Above: Shenyang data was reported at 0.610 RMB/kWh in Mar 2025. This stayed constant from the previous number of 0.610 RMB/kWh for Feb 2025. Usage Price: Electricity for Industry: 35 kV & Above: Shenyang data is updated monthly, averaging 0.860 RMB/kWh from Jan 2003 (Median) to Mar 2025, with 244 observations. The data reached an all-time high of 0.860 RMB/kWh in Mar 2021 and a record low of 0.272 RMB/kWh in Mar 2003. Usage Price: Electricity for Industry: 35 kV & Above: Shenyang data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Electricity Price: 36 City.

Hawaii is the state with the highest household electricity price in the United States. In February 2025, the average retail price of electricity for Hawaiian residences amounted to 41.11 U.S. cents per kilowatt-hour. California followed in second, with 32.41 U.S. cents per kilowatt-hour. Meanwhile, Utah registered the lowest price in the period, at around 12.41 U.S. cents per kilowatt-hour. Why is electricity so expensive in Hawaii? Fossil fuels, and specifically oil, account for approximately 80 percent of Hawaii’s electricity mix, so the electricity price in this state can be roughly brought down to the price of oil in the country. Oil was by far the most expensive fossil fuel used for electricity generation in the country. As Hawaii depends on oil imports, the cost of transportation and infrastructure must be added to the oil price. Electricity prices worldwide The U.S. retail price for electricity increased almost every year since 1990. In 2024, it stood at 13 U.S. cents per kilowatt-hour, almost double the charge put on electricity back in 1990. However, household electricity prices are around 25 U.S. dollar cents per kilowatt-hour lower in the U.S. when compared to European countries reliant on energy imports, such as Germany and Italy.

NO: Electricity Price: HC: 15000 KwH & Above: incl All Taxes & Levies data was reported at 0.102 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.120 EUR/kWh for Jun 2024. NO: Electricity Price: HC: 15000 KwH & Above: incl All Taxes & Levies data is updated semiannually, averaging 0.112 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.157 EUR/kWh in Dec 2021 and a record low of 0.074 EUR/kWh in Dec 2020. NO: Electricity Price: HC: 15000 KwH & Above: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Norway – Table NO.Eurostat: Electricity Price: Household Consumers.

Croatia HR: Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies data was reported at 0.148 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.148 EUR/kWh for Jun 2024. Croatia HR: Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies data is updated semiannually, averaging 0.126 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.152 EUR/kWh in Jun 2023 and a record low of 0.090 EUR/kWh in Jun 2007. Croatia HR: Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Croatia – Table HR.Eurostat: Electricity Price: Household Consumers.

Bitcoin's annualized footprint in electricity consumption reached an all-time high in early 2022, then believed to be higher than the power consumption of Finland. This is according to a source that tries to estimate the energy consumption of Bitcoin (BTC). It does by assuming that miner's costs and income are the same thing: The higher the miner's income, the more powerful machinery it can support. As of August 17, 2025, Bitcoin's energy consumption fell in between the consumption of Australia or the Netherlands. Note, however, there is no central authority where cryptominers report their figures to. Exponential growth As Bitcoin has a maximum supply, the closer the cryptocurrency gets to its limit of 21 million coins, the more effort it takes to mine. Not every cryptocurrency has a maximum supply. Bitcoin, however, stands out as more than 90 percent of all its coins have already been created. This exponential growth cycle indirectly impacts the overall size of the blockchain as well, as it currently grows less fast than it did several years ago. Which countries mine Bitcoin the most? According to the latest available estimates, the United States had a higher Bitcoin mining hashrate than China. This research - using IP addresses from hashers accessing certain Bitcoin mining pools, a method the source admits can lead to issues - was last held in 2022, however. It is generally assumed that the different electricity prices worldwide may impact the decision on where to mine for Bitcoin.

Norway NO: Electricity Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies data was reported at 0.314 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.311 EUR/kWh for Jun 2024. Norway NO: Electricity Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies data is updated semiannually, averaging 0.270 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.338 EUR/kWh in Dec 2022 and a record low of 0.214 EUR/kWh in Dec 2020. Norway NO: Electricity Price: HC: Between 1000 & 2499 KwH: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Norway – Table NO.Eurostat: Electricity Price: Household Consumers.

Electricity Price: Avg: AC: IC: Energy: Above 150000 MWh data was reported at 36.603 Ore/kWh in Dec 2019. This records a decrease from the previous number of 41.750 Ore/kWh for Jun 2019. Electricity Price: Avg: AC: IC: Energy: Above 150000 MWh data is updated semiannually, averaging 37.802 Ore/kWh from Jun 2017 (Median) to Dec 2019, with 6 observations. The data reached an all-time high of 50.000 Ore/kWh in Dec 2018 and a record low of 33.000 Ore/kWh in Dec 2017. Electricity Price: Avg: AC: IC: Energy: Above 150000 MWh data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.P002: Electricity Price.

Brazil Energy: Average Current Prices: Source: Electricity: Residence data was reported at 292.638 USD/BOE in 2023. This records an increase from the previous number of 286.081 USD/BOE for 2022. Brazil Energy: Average Current Prices: Source: Electricity: Residence data is updated yearly, averaging 174.998 USD/BOE from Dec 1973 (Median) to 2023, with 51 observations. The data reached an all-time high of 425.677 USD/BOE in 2011 and a record low of 62.328 USD/BOE in 1985. Brazil Energy: Average Current Prices: Source: Electricity: Residence 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.

FR: Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies data was reported at 0.191 EUR/MWh in Dec 2024. This records a decrease from the previous number of 0.219 EUR/MWh for Jun 2024. FR: Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies data is updated semiannually, averaging 0.091 EUR/MWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.275 EUR/MWh in Jun 2023 and a record low of 0.067 EUR/MWh in Dec 2007. FR: Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s France – Table FR.Eurostat: Electricity Price: Non-Household Consumers.

Belgium BE: Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies data was reported at 0.306 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.308 EUR/kWh for Jun 2024. Belgium BE: Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies data is updated semiannually, averaging 0.233 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.444 EUR/kWh in Dec 2022 and a record low of 0.162 EUR/kWh in Dec 2007. Belgium BE: Electricity Price: HC: Between 5000 & 14999 KwH: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Belgium – Table BE.Eurostat: Electricity Price: Household Consumers.