US average electricity price: history and cost calculator
The U.S. average residential electricity price was $0.20 per kWh as of 2026-08-01, according to the Federal Reserve's FRED APU000072610 series. That compares with a $0.19/kWh average for all of 2025 and $0.14/kWh for 2016.
Year by year
| Year | Average price | Change from prior year | Months published |
|---|---|---|---|
| 2016 | $0.14/kWh | n/a | 12 |
| 2017 | $0.14/kWh | +1.9% | 12 |
| 2018 | $0.14/kWh | -1.1% | 12 |
| 2019 | $0.14/kWh | 0% | 12 |
| 2020 | $0.14/kWh | -0.7% | 12 |
| 2021 | $0.14/kWh | +4% | 12 |
| 2022 | $0.16/kWh | +12.7% | 12 |
| 2023 | $0.17/kWh | +6.1% | 12 |
| 2024 | $0.18/kWh | +4.5% | 12 |
| 2025 | $0.19/kWh | +5.4% | 11 |
Source: FRED (Federal Reserve Bank of St. Louis), "Average Price: Electricity per Kilowatt-Hour in U.S. City Average" (series APU000072610). Fetched 2026-09-25; latest published month 2026-08-01. View the series on FRED
Explore further
- Today's US average electricity price
- US average electricity price in 2025
- US average electricity price in 2024
- US average electricity price in 2023
- US average electricity price in 2022
- US average electricity price in 2021
- US average electricity price in 2020
- US average electricity price in 2019
- US average electricity price in 2018
- US average electricity price in 2017
- US average electricity price in 2016
- Cost of 300 kWh at the US average price
- Cost of 500 kWh at the US average price
- Cost of 750 kWh at the US average price
- Cost of 1,000 kWh at the US average price
- Cost of 1,250 kWh at the US average price
- Cost of 1,500 kWh at the US average price
- Cost of 2,000 kWh at the US average price
These are national averages, not a quote for any specific utility, state, or plan. Use the calculator below with your own bill's rates for an accurate comparison.