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Electricity Monthly Update

With Data for February 2019  |  Release Date: April 24, 2019  |  Next Release Date: May 24, 2019

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End Use: February 2019

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 27 states in February compared to last year. The largest declines were found in Maine (down almost 20%), West Virginia (down almost 10%), and Missouri (down almost 7%). Twenty two states and the District of Columbia increased revenue per kilowatthour compared to last year, led by Rhode Island (up almost 10%), followed by Connecticut (up almost 6%), and Hawaii (up over 5%).

Total average revenues per kilowatthour (kWh) in February 2019 were down by 0.5% from February 2018, to 10.43 cents/kWh. Average revenues for the Transportation sector rose by 1.7%. The Residential sector followed, rising slightly by 0.3%. The Industrial sector dropped by 1.9% and the Commercial sector was down by 1.2%. Total retail sales increased by 1.4% from February last year. The Transportation sector rose the most, climbing by 5.3%, followed by the Residential sector, which increased by 2.6%. The Commercial sector rose slightly, up 0.7%. This was followed closely by the Industrial sector, which increased by 0.6%.

Retail sales

State retail sales volumes were down in 13 states and the District of Columbia in February compared to last year. Hawaii had the largest year-over-year decline, down just over 8%. Alaska showed the next largest decline, down just over 7%. Thirty-seven states had retail sales volume increases in February, led by Arizona (up over 9%), Montana (up almost 7%), and Idaho and North Dakota (both up 6%).

Heating Degree Days (HDD) were down in 3 states compared to last February. Alaska had the highest percent drop, falling just over 4%. Texas followed with a drop of almost 3%. Forty six states and the District of Columbia had a greater percentage of HDDs than February 2018. Florida had the highest increase in HDDs, up over 111%.The next two states with the highest increase in HDDs were located in the West. California had an increase of over 52% and Arizona had an increase of almost 50%.

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