Residents of Alabama pay more for electricity than residents of any other state — a monthly bill of $146. The state’s primary source of fuel for electricity generation is natural gas.
New Mexico residents pay the least for electricity — $76 in a state where the primary source of energy is coal.
The least expensive single fuel overall is coal and the most expensive is petroleum liquids, the major source of power generation in Hawaii.
Those results were compiled from U.S. Energy Information Administration data by HowMuch.net. The researchers noted:
While central air conditioners and home heating units can play a role in determining a state’s average electricity cost, the factor that drives the price the most is the source for generating power. States that use coal as their source to generate power have the least expensive average monthly electricity bills, while states that use peak natural gas and nuclear energy to generate power have the highest average monthly bills.
The five states with the highest electricity prices and the primary fuel source are:
- Alabama: $146 per month; natural gas
- South Carolina: $143; nuclear
- Connecticut: $142; natural gas
- Maryland: $141; nuclear
- Hawaii: $139; petroleum liquids
The five states where electricity is cheapest are:
- New Mexico: $76; coal
- Utah: $83; coal
- Colorado: $84; coal
- Maine: $86; other renewables
- Montana: $89; coal
Among the 50 states and the District of Columbia, 20 of them depend on coal as their primary energy source, 19 use natural gas, five rely on hydropower, five depend on nuclear generation, while one relies on petroleum liquids and one on renewables.
See Hownuch.net for a map of monthly prices and fuel sources.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
