Highest & Lowest Electric Rate Nationwide ~ 2014.
The U.S. Energy Information Administration (EIA) “Electric Power Monthly” reports released last month for May 2014 shows that the average price of electricity to residential customers nationwide has increased 3.4% year over year. Some regions have had increase much more than that such as New England with an 11.31% increase, Middle Atlantic at 5.53% and the lowest increase was the Pacific Contiguous (California, Oregon, Washington) of 1.69%.
The Five Most Expensive States are:
- Hawaii @ 38.04 cents/kWh
- New York @ 20.62 cents/kWh
- Connecticut @ 20.18 cents/kWh
- Alaska @ 19.84 cents/kWh
- Vermont @ 18.18 cents/kWh
The Five Least Expensive States are:
- Washington @ 8.93 cents/kWh
- Idaho @ 9.64 cents/kWh
- West Virginia @ 9.71 cents/kWh
- North Dakota @ 10.02 cents/kWh
- Arkansas @ 10.07 cents/kWh
Out of the end-use sectors residential, commercial, industrial and transportation the residential sector accounts for the majority of sales and still pays the most cents per Kilowatt hour for electricity.
To read the full 222 page report by the EIA click here and additional information at Builder Housing Data Average residential electric bills.