Oklahoma businesses again get the best deal on electricity
Once again, businesses in Oklahoma receive the best deal on electricity, according to the May Choose Energy Rate Report and Business Index, both compiled using the most recent data from the U.S. Energy Information Administration.
Commercial electricity rates were 7.49 cents per kilowatt hour (kWh), the lowest among the 50 stages. Industrial rates were 5.03 cents/kWh – the nation’s second lowest price. The combined rate of 12.52 cents/kWh is less than 73 percent of the combined national average – 17.20 cents/kWh.
Compare that with Hawaii, which ranked 50th in the Index. The combined commercial/industrial rate there is 56.70 cents/kWh – nearly 230 percent more than the U.S. average.
Below are the states where businesses paid the lowest combined rates for business energy, their combined commercial and industrial rates, and the percentage of the U.S. combined average – 17.20 cents/kWh: