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Average retail electricity price in the U.S. 1998-2019, by sector

The statistic represents the average retail price of electricity in the United States between 1998 and 2019, by sector. In 2019, the average retail price of residential electricity was 13.04 cents per kilowatt hour.

A ranking of the global electricity prices in select countries can be found here.

Electricity market – additional information

As shown in the statistic above, the average retail price of electricity in the United States keeps rising. Rates typically vary for residential, commercial and industrial customers. During the last few decades, retail prices of electricity in the U.S. experienced increases in the residential, commercial and industrial sector.

The electricity industry of the United States is the world’s second largest producer and consumer of electricity. In 2018, the electric utility industry generated approximately 406.5 billion U.S. dollars in revenue. While the total end use of electricity was over 3.95 trillion kilowatt hours in 2018. Almost 17 percent of the global primary energy has been consumed in the United States in the same year. The electricity market in the United States is led by electric co-operatives, municipal systems and shareholder-owned electric utilities. According to the U.S. Energy Information Administration, there were more than 830 municipal electric utilities counted in 2018, followed by 806 cooperative electricity providers.

Electricity prices vary widely from country to country, depending on the source of electricity as well as government and industry regulations. In 2018, Italy was among the top three countries with the highest electricity prices – Italian electricity users paid an average of 27 U.S. dollar cents per kilowatt hour. The United States were ranked 17th, with prices amounting to approximately 13 U.S. dollar cents per kilowatt hour. Over the past several years, the amount of generated electricity in the United States remained stable at approximately 4 trillion kilowatt hours, whereas, the global electricity generation seems to be growing.

Average retail prices of electricity in the United States from 1998 to 2019, by sector (in cents per kilowatt hour)*

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Source

Release date

March 2020

Region

United States

Survey time period

1998 to 2019

Supplementary notes

* Prices are not adjusted for inflation.
** Commercial sector - figures through 2002 exclude public street and highway lighting, interdepartmental sales, and other sales to public authorities. Industrial sector - figures through 2002 exclude agriculture and irrigation.

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Statistics on "Electricity in the U.S."

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