Friday, June 3, 2022

Electricity Rates Across The States -- Random Update -- June 3, 2022

It's been absolutely fascinating to follow the electricity rates across IOS-NY and ISO-NE over the past few weeks. 

Let's see how that data is being reflected at Choose Energy: average residential electricity rate in the US is 13.83 cents per kilowatt-hour (kWh).

These are the latest figures available, from February, 2022, and the change in percent is from one year ago, February, 2021.

So, again, US average: 13.83 cents /kWh: up 3.6% from a year ago.

Of the 50 states, only one state had a rate less than 10 cents/kWh: North Dakota

The most expensive is an outlier:

  • Hawaii: a basket case; 38.15 cents; up a whopping 17.95 from last year

The rest:

Most expensive, to least expensive, selected states; in bold red: New England and New York:

  • Connecticut: 26.48 cents; hates pipelines, up a whopping 16.7% from a year ago
  • Rhode Island: 25.69 cents, up 6.6% from a year ago 
  • California: 25.59 cents; up 13.6% from last year;
  • New Hampshire: 22.15 cents; hates pipelines; up a whopping 14.9% from last year
  • New York: 21.58 cents; hates pipelines; up a whopping 14.9% from last year
  • Maine: 20.95 cents; hates pipelines; up an incredible 29% from last year
  • New Jersey: 15.77 cents; down 3.7% from last year
  • Pennsylvania: 14.48 cents; lots of natural gas, up 10.7% from a year ago
  • Texas: 12.28 cents, down 3.6% from a year ago
  • North Dakota: lots of coal, 9.64 cents; lots of coal, up 1.9% from a year ago
And, so far, knock on wood, the grid in Texas is "holding."

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