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The average cost per kWh in the U.S. as of January 2024 is 15.45 cents, as per EIA data, but the 10 most affordable states in the country have an average of 10.73 cents per kWh, about 31% lower...
by State, August 2024 and 2023 (Cents per Kilowatthour) See Technical notes for additional information on the Commercial, Industrial, and Transportation sectors. Notes: - See Glossary for definitions. - Values for 2023 are final. Values for 2024 are preliminary estimates based on a cutoff model sample.
Electricity rates in September of 2024 — your electric rate per kWh — depends on numerous factors including (but not limited to) your location, type of building (residential/commercial), usage, general market conditions, market disruptions, etc.
According to the latest data available from the EIA, the average residential U.S. electricity price is 16.63 cents per kilowatt-hour (kWh). The national average increased 4.5 percent compared with the previous year.
As of February 2023, the average residential electricity rate in the U.S. is about 23 cents per kilowatt-hour (kWh). Importantly, electricity rates can vary widely based on where you live. Rates vary from a low of 10.35 ¢ / kWh in Idaho to a high of 28.38 ¢ / kWh in California.
In 2022, the U.S. annual average retail price of electricity was about 12.49¢ per kilowatthour (kWh). 1 The annual average retail electricity prices by major types of utility customers in 2022 were: Residential 15.12¢ per kWh
In 2021, the average nominal retail electricity price paid by U.S. residential electric customers rose at the fastest rate since 2008, increasing 4.3% from 2020 to 13.72 cents per kilowatthour (kWh), according to data from our latest Electric Power Monthly.