Lowest Electric Rates By State

Is 10 42 cents per kilowatt hour.

Lowest electric rates by state. Energy information administration eia tracks electricity prices by state. New mexico took the coveted spot as the state with the lowest electric bills at only 74 05 per month. To understand why the average electricity rates by state vary let s look at the stages that the electric power passes from being generated to powering your house. Electric costs by state map.

As of 2018 the statewide average electricity price is the sixteenth lowest rate in the country based on the latest federal figures. On average homes in louisiana pay 9 53 cents per kwh. Electricity rates by state the u s. 2020 electricity rates by state updated april 2020 for residents and businesses alike the cost of electricity is a regular expense that is incurred each and every month.

From this data we can see the state with the lowest electric rates is louisiana. Nebraska is the only state that generates electricity entirely by publicly owned power systems. Based on factors such as demand and available plans the amount that is paid can vary from state to state. Hawaii has the highest average electricity rate of 30 55 cents per kilowatt hour.

1 2020 the october choose energy rate report shows you just how much energy costs can vary using the latest electricity prices from the u s. Conditions for these stages are different in every state. Hover over a state to see the average rate and percent change in energy pricing. Louisiana has the lowest average electricity rate of 7 01cents per kilowatt hour.

For example the more it costs in a particular area to generate energy the more it. 74 28 per month rate. Where we live and how much energy we use are a big part of the equation. Residential customers in texas the country s largest deregulated market for electricity pay a relatively low price for electricity as well of 11 68 cents per kwh.

While commercial and industrial electricity use have declined in 2020 due to business closures during lockdowns residential electricity use has actually increased which means many people will be forking over larger checks to their power companies. The most recent reports from the eia show the average residential electricity rate in the u s. Energy information administration eia in all 50 states. U s energy information administration the cost of electricity by state.

Electricity rates by state updated september 2020 energy rates vary depending on where you live. Is 13 14 cents per kilowatt hour kwh. The rate price was close to the national average at 12 04 cents per kwh but the 10 th lowest consumption rate of 615 kwh per month earned the state the top prize for savings on energy. Average is 13 26 cents per kilowatt hour state electric prices last updated oct.

Alabama 9 30 cents per kwh even though alabama has relatively low rates the state racks up some of the most expensive electricity bills in the country.