U.S. Average Retail Electricity Price

Best household and business pain metric — average cents per kilowatt-hour across all sectors.

0.2¢/kWh

Trend YoY growth is +4.8%, slowing by 7 bps/month over the last 5Y. Deviations have remained above trend for 8 consecutive periods. Latest: +5.6%, 75 bps above trend, a 0.2σ deviation. The latest YoY reading is boosted by 2.2 pp due to an easy comparison base from Feb 1.

Level

YoY %

y = 8.8% 7 bps/mo · t

Deviation from trend

Forecast

Rolling 1Y trend forecast

Forecast made inMar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26Dec '26Jan '27Feb '27
Mar '25+3.6%+3.5%+3.3%+3.2%+3.0%+2.8%+2.7%+2.5%+2.4%+2.2%+2.1%+1.9%+1.8%+1.6%+1.5%+1.3%+1.1%+1.0%+0.8%+0.7%+0.5%+0.4%+0.2%+0.0%
Apr '25+3.7%+3.6%+3.5%+3.3%+3.2%+3.1%+2.9%+2.8%+2.7%+2.5%+2.4%+2.3%+2.1%+2.0%+1.9%+1.7%+1.6%+1.4%+1.3%+1.2%+1.0%+0.9%+0.8%
May '25+3.9%+3.8%+3.7%+3.6%+3.5%+3.5%+3.4%+3.3%+3.2%+3.1%+3.1%+3.0%+2.9%+2.8%+2.8%+2.7%+2.6%+2.5%+2.4%+2.4%+2.3%+2.2%
Jun '25+4.6%+4.7%+4.7%+4.8%+4.8%+4.8%+4.9%+4.9%+4.9%+5.0%+5.0%+5.0%+5.1%+5.1%+5.1%+5.2%+5.2%+5.2%+5.3%+5.3%+5.3%
Jul '25+5.3%+5.4%+5.6%+5.7%+5.9%+6.0%+6.2%+6.3%+6.4%+6.6%+6.7%+6.9%+7.0%+7.1%+7.3%+7.4%+7.6%+7.7%+7.9%+8.0%
Aug '25+6.1%+6.3%+6.5%+6.8%+7.0%+7.2%+7.5%+7.7%+7.9%+8.1%+8.4%+8.6%+8.8%+9.1%+9.3%+9.5%+9.8%+10.0%+10.2%
Sep '25+6.2%+6.4%+6.7%+6.9%+7.1%+7.4%+7.6%+7.8%+8.0%+8.3%+8.5%+8.7%+9.0%+9.2%+9.4%+9.7%+9.9%+10.1%
Oct '25+6.7%+7.0%+7.3%+7.6%+7.8%+8.1%+8.4%+8.7%+9.0%+9.3%+9.6%+9.9%+10.2%+10.4%+10.7%+11.0%+11.3%
Nov '25+7.2%+7.5%+7.8%+8.2%+8.5%+8.9%+9.2%+9.6%+9.9%+10.2%+10.6%+10.9%+11.3%+11.6%+12.0%+12.3%
Dec '25+7.6%+8.0%+8.4%+8.7%+9.1%+9.5%+9.8%+10.2%+10.6%+11.0%+11.3%+11.7%+12.1%+12.5%+12.9%
Jan '26+8.3%+8.8%+9.2%+9.6%+10.0%+10.4%+10.8%+11.3%+11.7%+12.1%+12.5%+13.0%+13.4%+13.8%
Feb '26+7.7%+8.0%+8.3%+8.5%+8.8%+9.1%+9.4%+9.7%+10.0%+10.2%+10.5%+10.8%+11.1%