January update: Where residential electricity bills are increasing the most

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By Arthur Murray January 21st, 2021
For business

How the changes affect my electricity bills

Unfortunately, low rates don’t always mean low. The amount of power a customer consumes during a billing period affects bills as well. An example? Louisiana residents paid the fifth-lowest residential electricity rate in the January report – 10.57 cents/kWh, but their bills were the 17th highest in the U.S. – $125.47. That’s because they use the most electricity on average each month.

So which state recorded the largest bill increase for the rates shown in the January report? Again, Delaware. Average bills there increased by $16.78 from the prior month. Here are the states where average bills increased by the largest amount.

Rates fell in 29 states

While the national average residential rate went up slightly in the January report, 29 states recorded drops in their electricity rates. The decreases were led by Nevada, where prices dropped 66 percent over the previous month to 4.07 cents/kWh. The decrease is the result of lower fuel costs and an agreement negotiated with the state utilities commission and other stakeholders.

Following are the states where rates decreased by the largest percentage:

Bills also didn’t go up everywhere. The biggest monthly drop shouldn’t be a surprise, given the state’s change in rates. It also was in Nevada, where residents on average saved $67.47. More common were the savings in New Jersey, where residents on average spent $2.75 cents less.

Following are the states where average bills decreased by the largest amount.

Arthur Murray directs content strategy for ChooseEnergy.com, taking advantage of more than 20 years of newspaper and magazine experience. His articles have appeared on Zillow.com, Business.com, Nasdaq.com, and USNews.com, among others. You may reach him at amurray@chooseenergy.com.

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