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.

Hawaii is the state with the highest household electricity price in the United States. In September 2024, the average retail price of electricity for Hawaiian residences amounted to 41.27 U.S. cents per kilowatt-hour. California followed in second, with 30.221 U.S. cents per kilowatt-hour. Meanwhile, Utah registered the lowest price in the period, at around 11.4 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 2023, it stood at 12.7 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.

Annual data on the average price of retail electricity to consumers. Data organized by U.S. state and by provider, i.e., total electric industry, full-service providers, restructured retail service providers, energy-only providers, and delivery-only service. Annual time series extend back to 1990. Based on Form EIA-861 data.

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.

United States EIA Forecast: Electricity Price: Retail: Commercial Sector data was reported at 10.525 0.01 USD/kWh in Dec 2019. This records a decrease from the previous number of 10.693 0.01 USD/kWh for Nov 2019. United States EIA Forecast: Electricity Price: Retail: Commercial Sector data is updated monthly, averaging 10.623 0.01 USD/kWh from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 11.168 0.01 USD/kWh in Sep 2019 and a record low of 9.844 0.01 USD/kWh in Jan 2017. United States EIA Forecast: Electricity Price: Retail: Commercial Sector 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.P003: Energy Price: Forecast: Energy Information Administration.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72610) from Nov 1978 to Dec 2024 about Los Angeles, electricity, energy, urban, CA, retail, price, and USA.

Have timely access to reliable Electricity price assessments in United States:

• Electricity, industrial sector, United States, including generation, transmission, and distribution costs
• Electricity, household, United States

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for United States and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Get the latest insights on price movement and trend analysis of Electricity in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

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/).

Graph and download economic data for Producer Price Index by Industry: Electric Power Generation: Primary Products (PCU221110221110P) from Dec 2003 to Feb 2025 about power transmission, primary, electricity, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average was 228.63200 Index 1982-84=100 in July of 2021, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average reached a record high of 228.63200 in July of 2021 and a record low of 101.90000 in January of 1984. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Detroit-Warren-Dearborn, MI (CBSA) (APUS23B72610) from Nov 1978 to Oct 2024 about Detroit, electricity, energy, MI, urban, retail, price, and USA.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in the South Census Region - Size Class D (APUD30072610) from Nov 1978 to Dec 2017 about electricity, energy, retail, price, and USA.

Have timely access to reliable Electricity price assessments in Chile:

• Electricity, industrial sector, Chile, including generation, transmission, and distribution costs
• Electricity, household, Chile, for consumption up to 200 kWh/month

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for Chile and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

The Utility Rate Database (URDB) is a free storehouse of rate structure information from utilities in the United States. Here, you can search for your utilities and rates to find out exactly how you are charged for your electric energy usage. Understanding this information can help reduce your bill, for example, by running your appliances during off-peak hours (times during the day when electricity prices are less expensive) and help you make more informed decisions regarding your energy usage.

Rates are also extremely important to the energy analysis community for accurately determining the value and economics of distributed generation such as solar and wind power. In the past, collecting rates has been an effort duplicated across many institutions. Rate collection can be tedious and slow, however, with the introduction of the URDB, OpenEI aims to change how analysis of rates is performed. The URDB allows anyone to access these rates in a computer-readable format for use in their tools and models. OpenEI provides an API for software to automatically download the appropriate rates, thereby allowing detailed economic analysis to be done without ever having to directly handle complex rate structures. Essentially, rate collection and processing that used to take weeks or months can now be done in seconds!

NREL’s System Advisor Model (formerly Solar Advisor Model or SAM), currently has the ability to communicate with the OpenEI URDB over the internet. SAM can download any rate from the URDB directly into the program, thereby enabling users to conduct detailed studies on various power systems ranging in size from a small residential rooftop solar system to large utility scale installations. Other applications available at NREL, such as OpenPV and IMBY, will also utilize the URDB data.

Upcoming features include better support for entering net metering parameters, maps to summarize the data, geolocation capabilities, and hundreds of additional rates!

Have timely access to reliable Electricity price assessments in Netherlands:

• Electricity, industrial sector, Netherlands, including generation, transmission, and distribution costs (power consumption of 70,000-150,000 MWh/year)
• Electricity, household, Netherlands, Amsterdam, average consumption, including taxes

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for Netherlands and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

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.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in City - Size Class C (APUC00072610) from Jan 1987 to Dec 1997 about electricity, energy, retail, price, and USA.

United States EIA Forecast: Electricity Price: Retail: Industrial Sector data was reported at 6.831 0.01 USD/kWh in Dec 2019. This records a decrease from the previous number of 7.002 0.01 USD/kWh for Nov 2019. United States EIA Forecast: Electricity Price: Retail: Industrial Sector data is updated monthly, averaging 6.904 0.01 USD/kWh from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 7.590 0.01 USD/kWh in Aug 2017 and a record low of 6.439 0.01 USD/kWh in Jan 2017. United States EIA Forecast: Electricity Price: Retail: Industrial Sector data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P003: Energy Price: Forecast: Energy Information Administration.

Have timely access to reliable Electricity price assessments in Belgium:

• Electricity, industrial sector, Belgium, including generation, transmission, and distribution costs (power consumption of 70,000-150,000 MWh/year)
• Electricity, household, Belgium, Brussels, average consumption, including taxes

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for Belgium and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.