U.S. industrial retail electricity price 2023

Industrial consumers of electricity in the United States paid an average of 8.06 U.S. dollar cents per kilowatt-hour in 2023. This figure marked a decrease compared to the previous year, when prices peaked at 8.3 U.S. dollar cents per kilowatt-hour.

Average retail electricity price for industrial consumers in the United States from 1970 to 2023 (in U.S. dollar cents per kilowatt-hour)

Characteristic	Electricity price in U.S. dollar cents per kilowatt-hour
2023	8.06
2022	8.32
2021	7.18
2020	6.67
2019	6.81
2018	6.92
2017	6.88
2016	6.76
2015	6.91
2014	7.1
2013	6.89
2012	6.67
2011	6.82
2010	6.77
2005	5.73
2000	4.64
1995	4.66
1990	4.74
1985	4.97
1980	3.7
1975	2.1
1970	1

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Release date

March 2024

More information

Region

United States

Survey time period

1970 to 2023

Special properties

Prices are not adjusted for inflation

Supplementary notes

Retail electricity prices paid by ultimate customers, reported by electric utilities and other energy service providers.
Up to 2002, prices exclude agriculture and irrigation.

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