Fastest Industrial Electricity Price Growth by U.S. State, 2023–2024

U.S. states by industrial electricity price growth; %, 2023–2024.

What the Data Shows

U.S. states are ranked by the percentage increase in industrial electricity prices from 2023 to 2024. The comparison uses final annual average prices in cents per kilowatthour. New York records the fastest increase at 33.5%, from 6.87 to 9.17 cents per kilowatthour. California is second at 15.5%, followed by Wyoming at 12.8%.

Data table

Unit: percent · Period: 2023–2024

RankEntryValuePeriod
1New York33.5%2023–2024
2California15.5%2023–2024
3Wyoming12.8%2023–2024
4Utah12.4%2023–2024
5Connecticut9.1%2023–2024
6North Carolina8.7%2023–2024
7Delaware8.2%2023–2024
8West Virginia7.9%2023–2024
9Illinois7.7%2023–2024
10Idaho7.2%2023–2024
11Oregon7%2023–2024

Sources

Source 1: Electric Power Annual 2024

Publisher: U.S. Energy Information Administration

Dataset/table: Average Price of Electricity to Ultimate Customers by End-Use Sector and State

Units: cents per kilowatthour

Date checked: 2026-07-15

Evidence: Supports the 2023 and 2024 state prices used to calculate the complete 31-state increase ranking.

Data notes & caveats

Prices are annual averages in cents per kilowatthour. The ranking uses percentage growth rather than the absolute cents-per-kWh increase, and both endpoint prices are retained in the data table. A two-year comparison should not be interpreted as a long-run trend.

Methodology

State prices are drawn from Electric Power Annual 2024. Percentage growth compares each state's final 2024 annual average price with its 2023 value, and only states with a positive change are ranked. Census divisions, the U.S. total and the District of Columbia are excluded. The graphic uses the top 11 states, while the data table retains all 31 eligible states.

Source consistency notes

Every state uses the same U.S. Energy Information Administration annual release, the same 2023 and 2024 endpoints and one common measurement basis, supporting a like-for-like comparison.

Licensing

Branded MarketStats graphics are free to use*

Keep the visible MarketStats attribution, source line and canonical page link intact. For clean unbranded assets, commercial use or higher-volume reuse, choose one of the licensing tiers below.

View tiers and terms
Request unbranded access

This specific graphic needs a source-rights review before an unbranded download. Branded use remains available.

* Free branded use is subject to the Terms and requires attribution/canonical-link preservation. MarketStats licenses the graphic presentation and MarketStats-created editorial layer, not the underlying third-party source data. Source attribution and source-provider obligations still apply.