Which state had the best business energy environment in August, the latest month for which statistics are available from the U.S. Energy Information Administration? That depends on the type of business and the type of energy.
The Choose Energy Business Electricity Index, which provides a blended view of electricity rates across the country, shows Louisiana ranks first for the month. The proprietary index weighs commercial, industrial, and – because workers must have a place to live – residential rates to determine where businesses can get the best deal on electricity rates.
First, some definitions:
- Residential electricity – used in places where people live.
- Commercial electricity – used in retail and other businesses that try to make money.
- Industrial electricity – used in manufacturing or factories.
The Choose Energy Business Electricity Index ranks the top and bottom states like this: