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Electricity Monthly Update

With Data for February 2017  |  Release Date: April 25, 2017  |  Next Release Date: May 25, 2017

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End Use: February 2017

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 9 states and the District of Columbia in February compared to last year. The largest declines were found in Virginia (down 5.5%), Connecticut (down 2.9), the District of Columbia (down 2.8), and Nevada (down 2.3%). Nebraska had no change from February last year. Forty states increased compared to last year, led by Hawaii (up almost 13%), New Mexico (up 12.7%), Oklahoma and Indiana (both up 11.3%), and Louisiana (up 10.1%).

Total average revenues per kilowatthour were up 3.3% to 10.33 cents in February compared to last year. Three sectors were up on the month, with the Residential sector leading at 5.6 %. The Industrial sector had the second-largest percent growth with 3.8 %, while the Commercial sector followed with a growth of 2.7%. The Transportation sector showed a slight decline of 0.2 % from last year. Total retail sales declined by 6.9 %, and sales decreased in all sectors. The Residential sector had the largest drop, down 12.7 percent. The Commercial, Industrial, and Transportation sectors each dropped slightly, 3.3%, 2.9 %, and 1.6%, respectively.

Retail sales

State retail sales volumes were down in 44 states and the District of Columbia in February compared to last year. The District of Columbia recorded the largest year-over-year decline, down 19.5%, West Virginia and South Carolina had the next largest declines, down 16.2% and 15.6%, respectively. Six states had retail sales volume increases in February, led by Montana (up 6.7%), Oregon (up 5.8%), and Washington (up 5.7%).

February 2017 was the second warmest February on record and the winter of 2016-2017 was the sixth warmest winter on record, according to the National Oceanic and Atmospheric Administration (NOAA). Heating degree days (HDD) were lower across most of the country, down in 37 states and the District of Columbia compared to last February. Eleven states, mostly in the West, had an increase in HDDs. The largest year-over-year increases were found in California, Washington, Arizona, and Oregon. All these states had an increase of more than 30% in HDDs from a year ago.

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