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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...
According to the latest data available from the EIA, the average residential U.S. electricity price in June 2024 was 16.41 cents per kilowatt-hour (kWh). The national average increased 1.9 percent compared with the previous year.
by State, July 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 are preliminary estimates based on a cutoff model sample. See Technical Notes for a discussion of the sample design for the Form EIA-826.
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.
U.S. average retail price per kilowatthour is 12.36 cents. Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government.
As you can see in the table above, there are currently 9 states with an average electricity price above 20 cents/kWh. Connecticut, Massachusetts and New Hampshire surpassed 30 cents/kWh. Hawaii is approaching 45 cents/kWh. Texas is currently at 14.18 cents/kWh, which is 8.3% below the US average.
The average electricity cost for US households is 15.45 cents per kWh, but rates vary from 9.85 to 44.28 cents per kWh depending on the state.