US average electricity price in 2024
The U.S. average residential electricity price averaged $0.18 per kWh in 2024, across 12 of 12 published months in the FRED APU000072610 series. That is up 4.5% from $0.17/kWh in 2023.
Nearby years
| Year | Average price | Change from prior year | Months published |
|---|---|---|---|
| 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