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.

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.

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

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.

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

Germany Electricity decreased 30 EUR/MWh or 25.92% 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.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecasted to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in April 2025. This represents an increase of about ** euros compared to the previous year, suggesting that gas prices will continue to influence electricity rates across Europe. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

Italy Electricity decreased 21.29 EUR/MWh or 15.46% 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 Italy Electricity Price.

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.

France Electricity decreased 8.15 EUR/MWh or 11.67% 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.

Daily data showing the System Price of electricity, and rolling seven-day average, in Great Britain. These are official statistics in development. Source: Elexon.

Spain Electricity decreased 51.43 EUR/MWh or 37.86% 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 Spain Electricity Price.

Germany's electricity prices is forecast to reach a two-year high of ***** euros per megawatt-hour in February 2025 before increasing to 94 euros per megawatt-hour in June the same year. Electricity prices in the country have not yet recovered to pre-pandemic levels. Electricity price recovery German electricity prices began recovering back to pre-energy crisis levels in 2024, a period driven by a complex interplay of factors, including increased heating demand, reduced wind power generation, and water scarcity affecting hydropower production. Despite Germany's progress in renewable energy sources, with over ** percent of gross electricity generated from renewable sources in 2023, the country still relies heavily on fossil fuels. Coal and natural gas accounted for approximately ** percent of the energy mix, making Germany vulnerable to fluctuations in global fuel prices. Impact on consumers and future outlook The volatility in electricity prices has directly impacted German consumers. As of April 1, 2024, households with basic supplier contracts were paying around ** cents per kilowatt-hour, making it the most expensive option compared to other providers or special contracts. The breakdown of household electricity prices in 2023 showed that supply and margin, along with energy procurement, constituted the largest controllable components, amounting to **** and **** euro cents per kilowatt-hour, respectively. While prices have decreased since the 2022 peak, they remain higher than pre-crisis levels, underscoring the ongoing challenges in Germany's energy sector as it continues its transition towards renewable sources.

The average wholesale electricity price in July 2025 in Serbia is forecast to amount to****** euros per megawatt-hour, a decrease from the previous month. Figures reached a record high of *** euros per megawatt-hour in August 2022.

Electricity Trading Platform Market Outlook

The global electricity trading platform market is poised for substantial growth, with a market size of approximately USD 6.5 billion in 2023, projected to reach around USD 14.2 billion by 2032, reflecting a robust CAGR of 8.9% during the forecast period. This growth is fueled by various factors including the increasing penetration of renewable energy sources, advancements in smart grid technologies, and the rising need for energy efficiency and optimization.

One of the primary growth drivers for the electricity trading platform market is the increasing integration of renewable energy sources into the power grid. As countries worldwide strive to meet their sustainability goals and reduce carbon emissions, the adoption of renewable energy such as wind, solar, and hydroelectric power is accelerating. This shift necessitates sophisticated trading platforms to manage the intermittent and decentralized nature of renewable energy production, ensuring a balanced and efficient energy market.

Additionally, the advancements in smart grid technologies are playing a crucial role in the expansion of the electricity trading platform market. Smart grids leverage digital communication technology to detect and react to local changes in electricity usage, enhancing the efficiency and reliability of the power grid. These technologies enable real-time data exchange, advanced analytics, and automated control, all of which are essential for the effective functioning of electricity trading platforms. The integration of Internet of Things (IoT) devices and artificial intelligence (AI) further augments the capabilities of these platforms, facilitating better demand-response mechanisms and predictive maintenance.

Moreover, the growing demand for energy efficiency and optimization is driving the need for electricity trading platforms. With increasing energy costs and heightened awareness of environmental impacts, both consumers and businesses are seeking ways to optimize energy usage. Electricity trading platforms provide the tools and data analytics necessary to achieve this, enabling participants to buy and sell electricity based on real-time market conditions, thus maximizing efficiency and cost savings. This trend is particularly prominent in the industrial and commercial sectors, where energy consumption is substantial and the potential for optimization is significant.

Regionally, North America and Europe are leading the market due to their early adoption of renewable energy technologies and advanced grid infrastructures. However, the Asia Pacific region is expected to exhibit the highest growth rate during the forecast period. This is attributed to rapid industrialization, urbanization, and significant investments in smart grid projects across countries like China, India, and Japan. The Middle East & Africa and Latin America are also emerging markets, with increasing focus on renewable energy and infrastructural developments.

Type Analysis

The electricity trading platform market by type encompasses Day-Ahead Trading, Intraday Trading, Balancing Market, and Others. Day-Ahead Trading is one of the most prevalent types, where market participants commit to buy or sell quantities of electricity for the next day. This type of trading allows for better planning and scheduling of power generation and consumption, thereby enhancing grid stability. The increasing complexity of balancing supply and demand due to the integration of renewable energy sources has bolstered the need for efficient day-ahead trading mechanisms.

Intraday Trading, on the other hand, deals with the trading of electricity within the same day. This type of trading is gaining traction due to its ability to provide more flexibility and responsiveness to sudden changes in electricity demand or supply. With the rising penetration of variable renewable energy sources like solar and wind, intraday trading is becoming crucial for maintaining grid reliability and avoiding imbalances. The ability to make quick adjustments in response to real-time market signals makes it an essential component of modern electricity markets.

The Balancing Market is designed to ensure that the supply and demand of electricity are balanced in real-time. It plays a critical role in maintaining the stability and reliability of the power grid. Participants in the balancing market provide ancillary services such as frequency regulation and reserve power to mitigate short-term discrepancies between supply and demand. With the increasing penetration of intermittent renewa

A table listing the deregulation status of electricity and natural gas markets across all 50 U.S. states and the District of Columbia as of March 17, 2025. Includes notes on partial deregulation and market specifics.

UK Gas fell to 78.09 GBp/thm on July 24, 2025, down 0.60% from the previous day. Over the past month, UK Gas's price has fallen 5.55%, but it is still 4.83% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

In April 2025, the average wholesale electricity price in France amounted to 42.21 euros per megawatt-hour, a decrease from the previous month. The electricity price was more than twice as high during the same month the previous year.

Find in-season and off-season pricing for heating fuels, including heating oil, propane and wood price surveys by DOER. Links to electric and natural gas rates also available here.

The average wholesale electricity price in July 2025 in Austria is forecast to amount to****** euros per megawatt-hour, a decrease from the previous month. In August 2022, Austria's electricity prices reached a record high, at ***** euros per megawatt-hour.