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  • 24/7 Wall St.

    This State’s Electricity Price Is Nearly 3 Times the National Average

    By Melly Alazraki,

    1 day ago

    This post includes affiliate links. If you purchase anything through these affiliated links, 247wallst.com may earn a commission.

    https://img.particlenews.com/image.php?url=3tgtki_0uxh8yBO00 24/7 Wall St. Insights

    • The average retail price of electricity varies widely nationwide, from 10.97 cents per kilowatt hour to 42.36 cents per kilowatt hour.
    • Electricity consumption is also very different from state to state.
    • These two factors impact the average monthly electricity bill, with the range from $86.63 to $213.21.

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    Once again, thousands were without power in different states along Debby’s path, including in states where electricity prices are some of the highest nationwide.

    To find how much residents pay for electricity in each state and the District of Columbia, 24/7 Wall St. reviewed data from the U.S. Energy Information Administration’s Electricity Data Browser . We ranked the states and D.C. by the average retail price of electricity in cents per kilowatt hour. All data came from the EIA. We used the data to calculate average monthly electricity consumption and average monthly electricity bill.

    The retail price of electricity ranges from just 10.97 cents per kilowatt hour in North Dakota to 42.36 cents per kilowatt hour in Hawaii. Meanwhile, the average price nationwide is 15.98 cents per kilowatt hour.

    Of course, the price of a monthly bill depends not only on the rate but also on how electricity is consumed, on average. So despite some states having among the highest average electricity rates, their monthly bills are not necessarily among the highest.

    For example, California has the fourth highest average electricity rate (28.92 cents) but only the 18th highest average monthly bill ($142.97). Florida, meanwhile, despite having only the 21st highest rate (15.24 cents), has the fourth highest electricity monthly bill ($167.80). The national average monthly bill is $137.56. (Also see: The Most Expensive States To Live In .)

    Part of the reason for these differences is consumption. While in California the average monthly consumption is 494 kilowatt hours, in Florida the average consumption is 1,101 kilowatt hours per month. Nationwide, the average monthly consumption is 861 kilowatt hours.

    Why are we covering this

    https://img.particlenews.com/image.php?url=40vMiq_0uxh8yBO00 Following a period of inflation, a significant portion of a household’s cost of living are the monthly bills, including the electricity bill. Here we look at states in relation to their electricity rate, usage, and bill.

    51. North Dakota https://img.particlenews.com/image.php?url=3J5yb6_0uxh8yBO00

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