Industrial electricity rates by state

What industrial customers pay, and what the figure means

Across the US, industrial customers paid an average of 8.91¢ per kWh over the 12 months from September 2025 to August 2026. That is about half of what homes paid over the same 12 months (18.04¢ per kWh) and well below commercial customers (13.87¢ per kWh¹). EIA's explainer on electricity prices gives the reason: industrial consumers use more electricity and can take it at higher voltages, so supplying them costs less, and their retail price is generally close to the wholesale price of electricity.

The number ranked here is average revenue per kWh: what a state's industrial customers were billed in total, divided by the kilowatt-hours they used, from EIA's EIA-861M survey. It folds in every part of the bill, including any charges based on peak demand, and mostly excludes taxes. It is not a tariff, and a single plant's price depends on its own contract, size and load. EIA's state totals count every industrial customer, whether the utility supplies the power or a competitive supplier sells it and the utility delivers it, so this is the one industrial figure per state that covers the whole market.

The lowest-priced states

The ten states with the lowest industrial average over the last 12 months (September 2025 to August 2026) were New Mexico, Louisiana, Texas, Tennessee, Oklahoma, Arkansas, Montana, Washington, Kentucky and Iowa, from 5.30¢ per kWh to 7.43¢ per kWh. The median state paid 8.73¢ per kWh¹.

New Mexico leads at 5.30¢ per kWh, 40.5% below the US average, and it is also the state where the average fell most: 9.4%¹ below the previous 12 months. Wind was its largest source of generation in 2025 (36.5%), ahead of natural gas (26.6%) and coal (20.7%³).

Over the same 12 months, most of the rest sat in the south-central part of the country. Louisiana (6.35¢ per kWh) and Oklahoma (6.66¢ per kWh) both generate much of their power from natural gas: 72.2% and 44.2%³ of 2025 generation. Texas and Tennessee both averaged 6.65¢ per kWh, which leaves Texas tied for 3rd lowest. The Northwest appears through Washington (7.15¢ per kWh) and Montana (6.95¢ per kWh¹).

New Mexico5.30¢

Louisiana6.35¢

Tennessee6.65¢

Texas6.65¢

Oklahoma6.66¢

Arkansas6.86¢

Montana6.95¢

Washington7.15¢

Kentucky7.21¢

Iowa7.43¢

Mississippi7.55¢

South Carolina7.66¢

Arizona7.83¢

Alabama7.86¢

North Carolina7.89¢

United States8.91¢

Source: EIA, Electric Power Monthly / EIA-861M sales and revenue by state. Industrial revenue divided by kilowatt-hours sold over the 12 months 2025-09 to 2026-08 (EIA-861M; months since January 2026 preliminary). Average revenue per kWh, all charges included; not a tariff. Period: September 2025 to August 2026.

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State	Industrial ¢/kWh, 12 months
New Mexico	5.30¢
Louisiana	6.35¢
Tennessee	6.65¢
Texas	6.65¢
Oklahoma	6.66¢
Arkansas	6.86¢
Montana	6.95¢
Washington	7.15¢
Kentucky	7.21¢
Iowa	7.43¢
Mississippi	7.55¢
South Carolina	7.66¢
Arizona	7.83¢
Alabama	7.86¢
North Carolina	7.89¢
United States	8.91¢

The highest-priced states

Hawaii stands far above every other state, at 35.63¢ per kWh over the 12 months from September 2025 to August 2026, 299.9% above the US average. Petroleum supplied 74.9%³ of its generation in 2025. Alaska (22.50¢ per kWh) is second. Then come Rhode Island (21.51¢ per kWh), California (21.28¢ per kWh) and Massachusetts (19.54¢ per kWh), followed by the District of Columbia, Connecticut, New Hampshire, Maine and New Jersey¹. Apart from Hawaii, Alaska and California, the high end of the table is New England and the Mid-Atlantic.

Texas and California: the two most searched states

The two states sit near opposite ends of the table. Over the 12 months from September 2025 to August 2026, Texas industrial customers paid 6.65¢ per kWh, 2.26¢ per kWh less than the US average; California's paid 21.28¢ per kWh, 12.37¢ per kWh more than the US average and 4th highest¹ in the country.

Their recent direction differs too. The Texas average rose 6.8% over the 12 months, close to the national rise, and in August 2026 it was 12.3% above a year earlier (7.21¢ per kWh against 6.42¢ per kWh). California's rose only 1.1%, the 7th lowest¹ change of any state. In the competitive ERCOT areas of Texas, customers buy from retail electric providers; as in every state here, EIA's total counts them together with utility customers.

CaliforniaTexas

Source: EIA, Historical state data, annual sales, revenue and customers; EIA, Historical state data, monthly sales and revenue 1990-2009. Average revenue per kWh (all charges, nominal dollars), each calendar year: 2010 onward EIA-861 final annual data, 2001–2009 the sum of the monthly survey.

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Period	California (¢/kWh)	Texas (¢/kWh)
2010	9.80¢	6.44¢
2011	10.11¢	6.24¢
2012	10.49¢	5.57¢
2013	11.44¢	5.81¢
2014	12.34¢	6.16¢
2015	12.17¢	5.59¢
2016	11.92¢	5.33¢
2017	12.73¢	5.35¢
2018	13.20¢	5.39¢
2019	13.40¢	5.45¢
2020	14.27¢	5.07¢
2021	14.82¢	6.12¢
2022	17.09¢	7.13¢
2023	18.64¢	6.60¢
2024	21.53¢	6.12¢
2025	20.96¢	6.35¢

A gas-heavy grid can be cheap or expensive

Natural gas is a large source of generation in several of the lowest-priced states, but it is also dominant in some of the highest. In 2025, gas produced 88.3% of the electricity generated in Rhode Island and 78.8% in Massachusetts, both among the ten highest industrial prices over the 12 months from September 2025 to August 2026, against 72.2%³ in Louisiana, the 2nd lowest¹. The share of gas in a state's own power plants does not sort the ranking.

Part of the reason is general: a state's generation mix is not the same as the power its customers buy, because electricity flows across state lines and wholesale markets cover several states. The chart plots every state's 2025 gas share against its 12-month industrial price.

Source: EIA, Net generation by state by type of producer by energy source; EIA, Electric Power Monthly / EIA-861M sales and revenue by state. Each dot is a state (horizontal: Natural gas share; vertical: Industrial ¢/kWh, 12 months). Natural gas share of net generation by all power plants in the state (EIA-923), 2025. Industrial revenue divided by kilowatt-hours sold over the 12 months 2025-09 to 2026-08 (EIA-861M; months since January 2026 preliminary). Average revenue per kWh, all charges included; not a tariff. Period: September 2025 to August 2026.

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State	Natural gas share	Industrial ¢/kWh, 12 months
Hawaii	0.0%	35.63¢
Vermont	0.1%	12.77¢
Nebraska	3.9%	8.29¢
Montana	4.9%	6.95¢
Kansas	5.7%	8.27¢
West Virginia	6.2%	8.22¢
North Dakota	6.5%	7.99¢
Wyoming	10.2%	8.73¢
South Dakota	11.2%	9.20¢
Iowa	12.2%	7.43¢
Missouri	12.4%	8.56¢
Washington	15.7%	7.15¢
Illinois	16.0%	10.18¢
Minnesota	19.3%	9.65¢
South Carolina	21.8%	7.66¢
Tennessee	23.7%	6.65¢
Kentucky	25.7%	7.21¢
New Mexico	26.6%	5.30¢
New Hampshire	27.8%	17.64¢
Utah	30.2%	8.58¢
Idaho	31.4%	8.13¢
Colorado	32.0%	9.44¢
Arkansas	33.9%	6.86¢
Indiana	35.5%	9.05¢
Oregon	35.6%	8.32¢
Wisconsin	35.7%	9.35¢
California	36.2%	21.28¢
Georgia	38.6%	8.18¢
Maine	39.1%	15.57¢
North Carolina	40.6%	7.89¢
Michigan	42.2%	9.00¢
Maryland	42.6%	14.35¢
Oklahoma	44.2%	6.66¢
Arizona	45.2%	7.83¢
Alabama	45.9%	7.86¢
New York	48.2%	10.10¢
Texas	48.3%	6.65¢
New Jersey	49.3%	14.81¢
Alaska	50.0%	22.50¢
Nevada	50.6%	8.49¢
Ohio	54.2%	9.82¢
Connecticut	56.5%	17.73¢
District of Columbia	56.5%	18.97¢
Virginia	57.9%	10.01¢
Pennsylvania	58.2%	10.50¢
Louisiana	72.2%	6.35¢
Florida	73.0%	9.13¢
Mississippi	73.6%	7.55¢
Massachusetts	78.8%	19.54¢
Delaware	86.1%	10.87¢
Rhode Island	88.3%	21.51¢

Where industrial prices rose most

The US industrial average rose 6.5% over the 12 months from September 2025 to August 2026, compared with the 12 months before; the median state rose +5.9%. In 9 of the 50 states and DC the increase was 10% or more, and 4 recorded a decrease: New Mexico, Connecticut, Arizona and Montana¹.

The largest 12-month rises cluster in the PJM Interconnection region, the wholesale market of the Mid-Atlantic and parts of the Midwest: the District of Columbia (+44.1%), Ohio (+25.5%), Maryland (+24.2%), Pennsylvania (+20.9%), Delaware (+17.5%) and New Jersey (+12.5%¹). Lawrence Berkeley National Laboratory's 2026 review of retail prices attributes the recent rise in PJM states to capacity costs, which added 0.9¢ per kWh to average PJM wholesale costs in 2025, and to higher wholesale energy costs (1.7¢ per kWh). Because industrial prices sit close to wholesale prices, a wholesale increase is a larger share of what they pay. Nationally, the same review puts the industrial increase at +6.0% from 2024 to 2025 and +27.0%⁶ from 2019 to 2025, before inflation. Our PJM analysis compares those states.

A large percentage does not mean a high price. Ohio's industrial average over the last 12 months was 9.82¢ per kWh, the 18th highest, and Pennsylvania's 10.50¢ per kWh¹. The District of Columbia has very few industrial accounts (its 2025 revenue per account was $2,437,783.30⁷ a month), so a change for a handful of customers moves its average sharply.

District of Columbia+44.1%

Ohio+25.5%

Maryland+24.2%

Pennsylvania+20.9%

Delaware+17.5%

Alaska+15.2%

New Jersey+12.5%

Hawaii+12.4%

Maine+11.1%

Oklahoma+9.8%

Virginia+8.6%

Illinois+8.1%

United States+6.5%

Source: EIA, Electric Power Monthly / EIA-861M sales and revenue by state. Change between the trailing 12-month average price and the 12 months before it. Period: September 2025 to August 2026.

Show the numbers

State	Industrial change, 12 months
District of Columbia	+44.1%
Ohio	+25.5%
Maryland	+24.2%
Pennsylvania	+20.9%
Delaware	+17.5%
Alaska	+15.2%
New Jersey	+12.5%
Hawaii	+12.4%
Maine	+11.1%
Oklahoma	+9.8%
Virginia	+8.6%
Illinois	+8.1%
United States	+6.5%

Why one month can tell a different story

In August 2026 the US industrial average was 9.64¢ per kWh, 7.3% above August 2025 (8.98¢ per kWh¹). Monthly figures since January 2026 are preliminary.

Single months are noisier for industry than for homes, because a few very large accounts can dominate a state's total. Georgia averaged 13.05¢ per kWh in August 2026 against 8.20¢ per kWh a year earlier, a rise of 59.1%, while its 12-month change was +5.9%. New Mexico went the other way: 20.3%¹ below August 2025. That is why this ranking uses 12 months.

Average industrial bills do not compare across states

EIA also publishes an average monthly bill per industrial account. For the US it was $6,580.64 in 2025, but the state figures range from $1,253.75 in Nebraska to $2,437,783.30 in the District of Columbia, with a median of $9,442.33⁷. Those gaps reflect how many industrial accounts a state has and how large they are, a few very large accounts in one state against many smaller ones in another, rather than what anyone pays per kWh. For comparing states, the price per kWh above is the usable measure.

The national forecast for industry

For industrial customers as a whole, the November 2026 edition of EIA's Short-Term Energy Outlook expects 9.16¢ per kWh in 2027, a forecast change of +1.4% on its 2026 figure of 9.03¢ per kWh⁸, which mixes published months with estimates. There is no state or contract detail in that forecast, and EIA revises it every month.

Actual (EIA-861)EIA forecast (STEO, November 2026)

Source: EIA, Historical state data, annual sales, revenue and customers; EIA, Short-Term Energy Outlook, November 2026. The forecast is EIA's Short-Term Energy Outlook of November 10, 2026: 2026 combines published months with EIA's estimate, 2027 is a forecast. It is revised every month; the next edition is due December 8, 2026.

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Year	¢/kWh	Status
2015	6.91¢	actual
2016	6.76¢	actual
2017	6.88¢	actual
2018	6.92¢	actual
2019	6.81¢	actual
2020	6.67¢	actual
2021	7.18¢	actual
2022	8.32¢	actual
2023	8.04¢	actual
2024	8.13¢	actual
2025	8.51¢	actual
2026	9.03¢	EIA estimate/forecast
2027	9.16¢	EIA forecast

Before using these figures

• Not a quote. No supplier or utility offer appears here. A plant's own price depends on its tariff or contract, its size and when it uses power.
• One sector only. For offices and shops, see commercial rates by state; for homes, the cheapest electricity ranking.
• Prices differ inside a state. Utilities in the same state bill industrial customers differently; the state figure blends all of them.
• Revisions. Months since January 2026 are preliminary and change when EIA publishes its final annual census.