Highest & Lowest Electric Rate Nationwide ~ 2014.

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

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:

  1. Hawaii @ 38.04 cents/kWh
  2. New York @ 20.62 cents/kWh
  3. Connecticut @ 20.18 cents/kWh
  4. Alaska @ 19.84 cents/kWh
  5. Vermont @ 18.18 cents/kWh

The Five Least Expensive States are:

  1. Washington @ 8.93 cents/kWh
  2. Idaho @ 9.64 cents/kWh
  3. West Virginia @ 9.71 cents/kWh
  4. North Dakota @ 10.02 cents/kWh
  5. 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.

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Rainmaker
3,597,574
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the information. I am glad we are not among the most expensive states.

Sep 14, 2014 09:05 PM #1
Rainmaker
1,390,134
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

This looks interesting and brings to mind a couple of things.  First, if the rate in a state is higher then I would look for energy efficient design and components.  Secondly, there are cheaper sources that are less expensive like natural gas.  Utility costs should be a consideration.

Sep 14, 2014 09:08 PM #2
Rainmaker
3,776,773
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Interesting info, David.   Thanks.

Sep 14, 2014 09:30 PM #3
Rainmaker
2,484,202
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Looks like my state had a big increase.  Not surprised at all.

Sep 14, 2014 10:16 PM #4
Rainmaker
802,301
Barbara Altieri
RealtyQuest, Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

David -- Well we took third place right behind our neighbors in NY but look at Hawaii!  Guess it's a tradeoff there. I don't think I'd mind paying if I could live there!

Sep 24, 2014 12:47 PM #5
Rainmaker
755,987
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Just another reason to consider energy efficient improvements around the home.

Sep 24, 2014 11:30 PM #6
Rainmaker
8,684
Michael Decker
Gilbert, AZ
Right now is the best time to own a brand new home

I wonder how this effects conneticut real estate as well as all the new homes in chandler being built.  Thanks for the expert real estate advice David~

Mar 14, 2015 04:21 PM #7
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Rainmaker
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David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
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