Wholesale Electricity Prices By State

This chart shows the price of electricity on the wholesale market in gb for delivery the next working day at a constant baseload rate.

Wholesale electricity prices by state.

Average price of electricity to ultimate customers by end use sector by state june 2020 and 2019 cents per kilowatthour. Wholesale electricity and natural gas market data. The data is averaged by month rather than by day and covers around a ten year time period. The wholesale price is what electricity providers pay generators for.

The aer monitors the performance of wholesale electricity and gas markets and publishes data from that monitoring in reports such as the annual state of the energy market and wholesale markets quarterly report. On average homes in louisiana pay 9 53 cents per kwh. Archived state electricity profiles choose a year. The charts and tables as well as underlying data which can be downloaded.

This policy change means that there are dozens of competitors for customers rather than a single provider. Unlike other states texas has a deregulated energy market. 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. This page is meant to provide a snapshot of selected daily prices only.

In 2002 the state deregulated the market in order to decrease prices for residential and commercial consumers. Outcomes for the 2019 20 financial year have been. 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. In the northwestern united states constraints on a transnational natural gas pipeline system resulted in higher wholesale electricity prices in the region in february.

Rather prices largely reflect the wholesale price of electricity. Trends observations from state data. Electricity usage charges are deregulated in most states which means energy companies like agl and origin set the per kwh price for electricity. Texas electricity rates chart.

Prices are updated each weekday excluding federal holidays typically between 7 30 and 8 30 a m. This page provides the key data series for these markets. Retailers don t set prices arbitrarily however. In 2018 ice stopped providing natural gas price index data to eia.

You can find daily wholesale natural gas and other spot prices at major trading hubs under the today in energy prices tab. 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. From this data we can see the state with the lowest electric rates is louisiana.