4 FAQs about The lowest cost per kilowatt-hour of outdoor power supply

What is the lowest cost energy source?

Today, wind is the lowest cost energy source, followed by solar energy. If we forecast pricing to 2030, it is expected that the price of Solar energy will fall another 30% from 2020 pricing, and the cost of wind power should fall another 11% from 2020 pricing as well.

How much does electricity cost per kWh?

The average residential electricity rate in the U.S. is 17.98 cents per kilowatt-hour (kWh). The January Choose Energy Electricity Rates Report shows you the cost of electricity per kWh by state based on the latest electricity prices from the U.S. Energy Information Administration (EIA).

Which states have the lowest electricity rates?

States with hydroelectric power (Idaho, Washington) enjoy the lowest rates, while island states like Hawaii pay a premium due to fuel imports. Businesses pay less per kWh because they use power in larger, more predictable quantities. The gap between residential and commercial rates averages 22% nationally.

Which state has the cheapest electricity?

The gap between residential and commercial rates averages 22% nationally. Louisiana has the cheapest residential electricity at 12.39¢/kWh—31% below the national average. For commercial rates, North Dakota leads at just 7.41¢/kWh. Louisiana benefits from abundant natural gas, while North Dakota has low infrastructure costs and hydroelectric access.

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