Lowest Electric Rates By State

Where we live and how much energy we use are a big part of the equation.

Lowest electric rates by state.

Conditions for these stages are different in every state. 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. From this data we can see the state with the lowest electric rates is louisiana. 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.

Electric costs by state map. 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. On average homes in louisiana pay 9 53 cents per 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.

74 28 per month rate. Is 10 42 cents per kilowatt hour. As of 2018 the statewide average electricity price is the sixteenth lowest rate in the country based on the latest federal figures. 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.

Hover over a state to see the average rate and percent change in energy pricing. The average electricity rate in the u s. However around 1 3 of the state s electricity actually comes from coal shipped in from nearby states such as pennsylvania west virginia and kentucky. 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.

Based on factors such as demand and available plans the amount that is paid can vary from state to state. The most recent reports from the eia show the average residential electricity rate in the u s. Is 13 14 cents per kilowatt hour kwh. Louisiana has the lowest average electricity rate of 7 01cents per kilowatt hour.

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. Energy information administration eia in all 50 states. Electricity rates by state the u s. Average is 13 26 cents per kilowatt hour state electric prices last updated oct.

For example the more it costs in a particular area to generate energy the more it. Energy information administration eia tracks electricity prices by state. Electricity rates by state updated september 2020 energy rates vary depending on where you live. New mexico took the coveted spot as the state with the lowest electric bills at only 74 05 per month.

9 97 cents kwh 10.