Find the best electricity rates from the best suppliers.
Electricity prices vary in each state. We have compiled years of data to find pricing trends around the country. You can see data for all 50 states below, but deregulated states are labeled in each chart/graph.
If you live in a deregulated state you have the choice to change providers and get a lower rate at any time. Compare rates and suppliers in your zip code here.
The chart below shows the average electricity price businesses paid in each state.
This chart shows the states with the highest average kWh price for businesses.
This chart shows the states with the highest average KWh price for businesses.
This graph gives a side-by-side comparison of rates for homes and businesses. Residential rates are almost always higher than commercial because the volume of power used. The more volume, the cheaper the kWh.
This chart shows average price per kWh in states with energy choice vs those that do not.
Regulated states have a lower average rate overall vs those with energy choice.
Isn't deregulation supposed to lower prices? Yes, but there are a lot of variables at work here. So don't fret - deregulation doesn't always mean a higher rate.
For example, Texas (a deregulated state) traditionally has some of the lowest rates in the country.
The Northeast has some of the highest rates in the country, before deregulation and after. Economics are at play here. These are high population density states, with high demand, and high cost of living. The lower rates in the central states (regulated) also have a smaller demand, cost of living etc.
The most important take away from this data is simple. If you live in a state with energy choice (deregulated) you can lower your electric bill by shopping suppliers and rates to make select the plan that works for you.
If you live in a deregulated energy market, you have the ability to choose your energy supplier and rate. The purpose of energy competition is to give consumers more control and better rates.
If you own or run a small business, it is highly recommended to switch electricity companies every 12 months to get the best rates available and manage monthly electricity costs. The average small business can save over 15% by switching energy supplier and plans each year.
Depending on where you live, state or local government or even electric utility companies can recommend or conduct energy assessments. If you don’t want to invest in a professional assessment, you can conduct your own energy assessment with a few helpful tips.