Electricity Prices Continue to Climb

Bottom Line: Average residential and commercial electric prices increased year-over-year.  

Newly released data from the Energy Information Agency reveals that average electricity prices for both residential and commercial customers increased in 2021, compared to 2020. In 2021, average residential electric prices were 13.66 cents per kilowatt-hour (kWh), up from 13.15 in 2020. And last year, average commercial electric prices were 11.22 cents per kWh, a jump from 10.59 in 2020.

Electricity prices vary widely between states and regions. Residential prices were most expensive in Hawaii last year and cheapest in Washington State, at 33.49 and 10.11 cents per kWh respectively. Importantly, propane remains a very cost-effective heating fuel and per million Btu (British thermal unit) of energy; electricity in the U.S. is far more expensive than propane.

To learn more about the benefits of the direct use of propane, as well as the deficiencies of utility-scale power generation, visit the Fight Electrification section on the Member Dashboard. For more information, please contact NPGA’s Jacob Peterson.