End Use: September 2024

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

• Percent change
• ¢ per KWh

Thirty-nine states and the District of Columbia saw increased revenue per kilowatt-hour (kWh) compared to last September, while average revenue per kWh increased by 2.5% on a national basis. The largest percent increase was in Rhode Island, up 15.0%, followed by West Virginia, up 14.1%, and Connecticut, up 13.1%. Compared to last year, average revenue per kWh figures decreased in eleven states. The largest percent decrease was in Nevada, down 19.5%, followed by Florida, down 10.0%, and North Dakota, down 5.4%. In the contiguous US, California, Connecticut, and Rhode Island had the highest average revenues at 29.21, 27.08, and 25.02 cents per kWh, respectively. Kansas had the median average revenue at 11.94 cents per kWh. North Dakota, Louisiana, and Wyoming had the lowest average revenues at 7.83, 8.97, and 9.55 cents per kWh, respectively.

Total average revenues per kilowatt-hour (kWh) increased by 2.5% from last September, to 13.47 cents/kWh in September 2024. Three sectors saw increases in average revenues per kWh. The Residential sector saw the largest increase in average revenues per kWh from last September, up 3.4%, followed by the Commercial sector, up 3.1%, and the Industrial sector, up 0.9%. One sector, Transportation, saw a decrease in average revenues per kWh, down 10.0% from last September. On a nationwide basis, retail sales decreased by 1.8% in September 2024 compared to the previous September, and three of four sectors saw decreases. The Transportation sector decreased the most in retail sales, down 13.4%%, followed by the Residential sector, down 3.3%, and then the Commercial sector, down 1.8%. The Industrial sector was up 0.8% in retail sales compared with September 2023.

Retail sales

• Percent change
• Per capita
• MWh

Twenty-three states saw an increase in retail sales volume in September 2024 compared to September 2023. Nevada had the highest percent year over year increase in retail sales, up 12.7%, followed by Arizona, up 9.9%, and New Mexico, up 9.2%. Twenty-seven states and the District of Columbia saw a decrease in retail sales volume compared to last year. Massachusetts had the highest percent year over year decrease, down 13.3%, followed by the District of Columbia, down 12.2%, and Maryland, down 11.6%.

• Change from 2023
• Change from normal

Twenty-five states saw a decrease in CDDs compared to last September. In the contiguous US, Vermont had the highest percent year over year decrease, down 94%, followed by Massachusetts, down 78%, and New Hampshire, down 78%. Two states and the District of Columbia had the same number of CDDs as last year. Twenty-two states saw an increase in CDDs from last September. In the contiguous US, Wyoming had the highest percent year over year increase, up 133%, followed by Montana, up 125%, and California, up 122%. Most of the country, thirty-eight states, saw a warmer-than-normal September and thus a higher-than-normal amount of CDDs. Most states in Northeast and Mid-Atlantic saw a cooler-than-normal September and thus a lower-than-normal amount of CDDs.