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Electricity Monthly Update

With Data for April 2017  |  Release Date: June 23, 2017  |  Next Release Date: July 25, 2017

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End Use: April 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 April compared to last year. The largest declines were found in Utah (down 4%), Virginia (down almost 3%), and North Carolina (down almost 2%). Forty-one states increased compared to last year, led by Hawaii (up 14%), Oklahoma (up almost 13%), and Mississippi and New Mexico (each up nearly 11%).

Total average revenues per kilowatthour were up 2.7% to 10.10 cents in April compared to last year. All sectors were up on the month, with the Industrial sector leading at 3.1 %. The Commercial sector had the second-highest percent growth with 2.7%. The Residential sector followed with a growth of 2.2%. The Transportation sector showed a slight increase of 0.3% from last year. Total retail sales rose by 1%. The Residential sector gained the highest percent, up 3.0%, while the Commercial sector showed only a slight increase of 0.1%. The Industrial and Transportation sectors each declined slightly, -0.2% and -0.9%, respectively.

Retail sales

State retail sales volumes were down in 16 states in April compared to last year. California recorded the largest year-over-year decline, down 5.6%. Illinois had the next largest decline (down 3.8%), followed by Rhode Island and Maine, each dropping 3.3% from April 2016. Thirty-four states and the District of Columbia had retail sales volume increases in April, led by Oregon (up 7%), Delaware (up almost 6%), and Louisiana (up 5.5%).

Heating Degree Days (HDD) were down in 35 states and the District of Columbia compared to last April. Thirteen states had an increase in HDDs. Florida had no change from April 2016. The largest year-over-year decrease was found in the District of Columbia, down 54.6%. Every state east of the Mississippi river showed a drop of 30% or more in HDD, with the exceptions of Vermont (down 25.6%), Connecticut (down 24.5%), Rhode Island (down 23%), and Maine (down 15%). Of the 13 states with higher percentage increases in HDDs, the top 3 were all in the Pacific Northwest: Oregon (up 60%), Washington (up 50%), and Idaho (up 49%).

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