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Electricity Monthly Update

With Data for November 2016  |  Release Date: Jan. 26, 2017  |  Next Release Date: Feb. 24, 2017

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End Use: November 2016

Retail rates/prices and consumption

In this section, we look at what electricity costs and how much is purchased. Charges for retail electric service are based primarily on rates approved by state regulators. However, a number of states have allowed retail marketers to compete to serve customers and these competitive retail suppliers offer electricity at a market-based price.

EIA does not directly collect retail electricity rates or prices. However, using data collected on retail sales revenues and volumes, we calculate average retail revenues per kWh as a proxy for retail rates and prices. Retail sales volumes are presented as a proxy for end-use electricity consumption.

Average revenue per kWh by state

Average revenue per kilowatthour figures decreased in 19 states and the District of Columbia in November compared to last year. The largest declines were found in Nevada (down 10.9%) and Oklahoma (down 5.9%). Thirty-one states increased compared to last year, led by Minnesota (up 9%), North Dakota (up 8.4%), and Indiana (up 8.3%).

Total average revenues per kilowatthour were up 0.5% to 10.10 cents in November compared to last year. Two sectors were down on the month, the Transportation sector with a 6.1% drop and the Commercial sector with a 0.5% drop. The Residential and Industrial sectors showed slight gains in average revenue per kilowatthour from last year, rising 0.3% and 0.5%, respectively. Retail sales were down overall by 1.1%, to 272,932 gigawatthours (GWh). The Industrial and Transportation sectors showed declines of 4.3% and 2.0%, respectively, while the Residential and Commercial sectors rose slightly by 0.1% and 0.3%, respectively.

Retail sales

State retail sales volumes were down in 33 states and the District of Columbia in November compared to last year. Florida recorded the largest year-over-year decline, down 8.9%, Missouri and Oregon had the next largest declines, down 7.6 and 7.5%, respectively. Seventeen states had retail sales volume increases in November, led by Arkansas (up 5.2%), Virginia (up 5%), and West Virginia (up 4.4%).

November 2016 was the 2nd warmest November on record according to the National Oceanic and Atmospheric Administration (NOAA). Consequently, heating degree days (HDD) were lower across most of the country, down in 27 states compared to last November. Eight states had an over 25-percent-decrease in HDDs. The largest year-over-year decrease was found in Arizona, followed by Nevada, Texas, California, Washington, Oregon, Montana, and Idaho. Twenty-two states had more HDDs than last November, with these states found in the coastal South and Mid-Atlantic. South Carolina had the largest HDD increase of any state, followed by Delaware, Maryland, North Carolina, and Virginia.

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