National Residential Electricity Rates Continue Upward Trajectory
Source: U.S. Energy Information Administration, Electric Power Monthly
National average residential electricity rates have risen approximately 22% over the past four years, from 15.04 cents per kilowatt-hour in 2022 to 18.34 cents per kilowatt-hour in September 2026. Several states, including Virginia, Ohio, and Pennsylvania, have seen single-year increases exceeding 20% as capacity expansion costs are passed through to ratepayers. Federal forecasts project continued upward rate movement through 2027.
EIA Electric Power Monthly ↗