Electricity Monthly Update
End Use: January 2025
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
Thirty-seven states and the District of Columbia saw increased revenue per kilowatt-hour (kWh) compared to last January, while average revenue per kWh increased by 3.4% on a national basis. The largest percent increase was in Connecticut, up 14.1%, followed by New Jersey, up 12.7%, and New York, up 11.7%. Two states, Maine and Kentucky, had the same average revenue per kWh as last January. Average revenue per kWh figures decreased in eleven states compared to last year. The largest percent decrease was in Nevada, down 15.2%, followed by Montana, down 14.6%, and Hawaii, down 11.2%. In the contiguous US, Rhode Island, Connecticut, and Massachusetts had the highest average revenues at 27.21, 27.12, and 25.63 cents per kWh, respectively. North Dakota, Louisiana, and Oklahoma had the lowest average revenues at 7.86, 8.31, and 8.34 cents per kWh, respectively.
| Average Revenues/Sales (¢/kWh) | Retail Sales (thousand MWh) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End-use sector | January 2025 | Change fromJanuary 2024 | January 2025 | Change fromJanuary 2024 | Year to Date | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential | 15.95 | 3.3% | 152,648 | 6.8% | 152,648 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial | 12.89 | 3.0% | 123,313 | 4.7% | 123,313 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Industrial | 8.32 | 2.7% | 84,528 | 2.6% | 84,528 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transportation | 12.32 | -2.5% | 634 | 3.8% | 634 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 13.11 | 3.4% | 361,123 | 5.1% | 361,123 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Source: U.S. Energy Information Administration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total average revenues per kilowatt-hour (kWh) increased by 3.4% from last January, to 13.11 cents/kWh in January 2025. Three of four sectors saw increases in average revenues per kWh compared to last January. The Residential sector saw the highest increase, up 3.3%, then the Commercial sector, up 3.0%, and finally the Industrial sector, up 2.7%. The Transportation sector saw a decrease in average revenues per kWh, down 2.5%. On a nationwide basis, retail sales increased by 5.1% in January 2025 compared to last January, with all four sectors seeing increases. The Residential sector saw the largest increase in retail sales from last January, up 6.8%, followed by Commercial the sector, up 4.7%, then the Transportation sector, up 3.8%, and finally the Industrial sector, up 2.6%.
Retail sales
Forty-five states and the District of Columbia saw an increase in retail sales volume in January 2025 compared to last January. Rhode Island had the highest percent year over year increase in retail sales, up 19.5%, followed by Virginia, up 16.6%, and Delaware, up 13.2%. Five states saw a decrease in retail sales volume compared to last year. Alaska had the highest percent year over year decrease, down 4.0%, followed by Montana, down 4.0%, and Mississippi, down 0.7%.
Forty-three states and the District of Columbia saw an increase in HDDs compared to last January. Florida had the highest percent year over year increase, up 56%, followed by South Carolina, up 27%, and Delaware, up 26%. Six states saw a decrease in HDDs from last January. Alaska had the highest percent year over year decrease, down 22%, followed by Nebraska, down 8%, and Oklahoma, down 2%.