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Electricity Monthly Update

With Data for June 2017  |  Release Date: August 24, 2017  |  Next Release Date: September 26, 2017

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End Use: June 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 10 states and the District of Columbia in June compared to last year. The largest declines were found in Rhode Island (down 4.2 %), Virginia (down 3.8%), and Utah (down just over 3%). Forty states increased compared to last year, led by Louisiana (up 17.8%), Hawaii (up 10.3%), and Minnesota (up 9.7%).

Total average revenues per kilowatthour were up 3.2% to 10.87 cents in June compared to last year. All sectors were up on the month, with the Transportation sector leading at 6.5 %. The Residential and Commercial sectors had nearly identical growth at 3.9% and 3.8%, respectively. The Industrial sector had the lowest growth at 2.7%. Total retail sales dropped by 0.6%. All sectors dropped from the prior year, with the exception of the Industrial sector, which rose by 2.3%. The Residential sector fell the most, down 2.5%. The Transportation sector fell almost 2% and the Commercial sector fell slightly, down 0.5%.

Retail sales

State retail sales volumes were down in 29 states and the District of Columbia in June compared to last year. Kansas recorded the largest year-over-year decline, down 7.5%. Missouri and Alabama had the next largest declines, down 5.9% and 5.5 %, respectively. Twenty-one states had retail sales volume increases in June, led by North Dakota (up 5.5%), Texas (up 4.9%), and Arkansas (up 4.2%).

Cooling Degree Days (CDD) were down in 34 states compared to last June. The largest year-over-year decrease was found in Wyoming. It had a decrease of 46 CDDs, or down 44% from the previous year. Six other states had a decrease of over 25% in CDDs: Washington, Montana, South Dakota, Missouri, Tennessee, and Utah. Sixteen states and the District of Columbia had an increase in CDDs from the prior year, led by Maine (up 144%), New Hampshire (up 71%), Rhode Island (up 60%), and Massachusetts (up 59%).

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