![US electricity rates rose 15% to 53% since 2020 depending on where you live - 20 major utilities compared [OC]](https://preview.redd.it/g50m6xkrdfug1.png?auto=webp&s=5f97418bd55ab45a525f8117b3c9a030a111f191)
US electricity rates rose 15% to 53% since 2020 depending on where you live - 20 major utilities compared [OC]
I pulled EIA residential electricity price data (Table 5.6.A of the EIA Electric Power Monthly) across 20 of the largest US utilities to see how much rates have actually changed since 2020. The variation is wild.
What's in the chart: % rate increase 2020-2024, current rate in cents/kWh, current average monthly bill, and how many extra dollars per month customers are paying versus 2020.
What's driving the patterns:
New England (+48-53%) is the most extreme case and it's almost entirely a natural gas pipeline story. New England generates most of its electricity from gas but has barely any pipeline capacity to import it during peak winter demand. When gas prices spiked in 2021-2022, the region had nowhere to turn - Eversource and National Grid customers absorbed the full hit. PG&E customers are paying $67/mo more than in 2020 mostly for a different reason: billions in wildfire liability and underground line-burial costs, recovered from ratepayers over 20-30 years.
California (+38-50%) is a wildfire infrastructure story. PG&E and SCE are in the middle of decades-long programs to harden the grid against fire ignition. These capital costs are approved by the CPUC and recovered from ratepayers over 20-30 years - so this is baked in for a long time regardless of what gas prices do.
The South and Texas (+15-22%) held up best. Lower renewable transition pressure, less wildfire exposure, and generally less aggressive state clean energy mandates. The tradeoff is fewer rebate programs and less grid modernization investment.
The rate-per-kWh gap is the underappreciated number: PG&E customers pay 33¢/kWh while Austin Energy customers pay 11¢/kWh - a 3x multiplier on the economics of everything. A heat pump, solar array, or EV that pays back in 6 years in Northern California would take 18 years in Austin with the same equipment.
Notes on methodology:
- EIA Table 5.6.A reports state-level residential averages, not utility-level. For utilities serving multiple states (Duke Energy, Dominion, National Grid), the figures are a weighted approximation across their service territory, not a precise utility-level figure. Utility-specific data would require pulling individual rate case filings from each state PUC, which are not centrally aggregated.
- "All-in" means supply charge + delivery/distribution charge combined, which is what actually appears on a residential bill.
- Bill increase figures are derived: if 2024 avg bill = $X and the increase was Y%, the 2020 baseline = $X / (1 + Y/100).
Source: EIA Electric Power Monthly, Table 5.6.A - Average Retail Price of Electricity by State (eia.gov/electricity/monthly). Chart built with React.
I put together EcoAudit to run energy analysis at the household level - it factors in your specific utility, local rebates, and home characteristics to show actual payback periods rather than national averages that don't apply to most people's situation.