Wholesale Electricity Prices By State

Residential customers in texas the country s largest deregulated market for electricity pay a relatively low price for electricity as well of 11 68 cents per kwh.

Wholesale electricity prices by state.

In 2018 ice stopped providing natural gas price index data to eia. This page provides the key data series for these markets. The data is averaged by month rather than by day and covers around a ten year time period. Trends observations from state data.

Daily wholesale and retail prices for various energy products are shown below including spot prices and select futures prices at national or regional levels. Select a year 2017 2016 2015 2014 2013 2012 2011 2011 zip 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 1999 1998 1996 name. Average price of electricity to ultimate customers by end use sector by state june 2020 and 2019 cents per kilowatthour. This chart shows the price of electricity on the wholesale market in gb for delivery the next working day at a constant baseload rate.

In the northwestern united states constraints on a transnational natural gas pipeline system resulted in higher wholesale electricity prices in the region in february. The wholesale price is what electricity providers pay generators for. Retailers don t set prices arbitrarily however. The charts and tables as well as underlying data which can be downloaded.

From this data we can see the state with the lowest electric rates is louisiana. Outcomes for the 2019 20 financial year have been. Texas electricity rates chart. On average homes in louisiana pay 9 53 cents per kwh.

You can find daily wholesale natural gas and other spot prices at major trading hubs under the today in energy prices tab. Unlike other states texas has a deregulated energy market. Rather prices largely reflect the wholesale price of electricity. Prices are updated each weekday excluding federal holidays typically between 7 30 and 8 30 a m.

December 2017 was the last month we included this data on this webpage. Wholesale electricity and natural gas market data. This page is meant to provide a snapshot of selected daily prices only. Further information on wholesale prices can be found in our state of the energy market 2019 report.

In 2002 the state deregulated the market in order to decrease prices for residential and commercial consumers. On an annual average basis wholesale electricity prices in these markets were lower than in 2018 and monthly average prices remained lower than 75 mwh except in ercot. Archived state electricity profiles choose a year.