(October 12, 2020)
Average residential electricity prices in the U.S. fell slightly in the October Choose Energy Rate Report, but that drop doesn’t mean prices fell everywhere. The October average of 13.26 cents per kilowatt hour (kWh) represented a decrease of 0.2 percent from September.
The Rate Report is based on the latest data from the U.S. Energy Information Administration. The October report reflects July pricing.
The biggest percentage rate increase came in Iowa, where rates jumped 9.2 percent month over month to 14.74 cents/kWh. That was nearly twice the percentage increase in No. 2 New Jersey. Following are the states where rates increased by the largest percentage.