Alaska commercial electricity rates

Analyst note

The Alaska commercial price sat above the U.S. average in 10 of 10 years; the gap was +6.80 ¢ in 2015 and +8.82 ¢ in 2024. In the 2024 ranking Alaska sits between California (25.54 ¢) one place above and Connecticut (21.21 ¢) one place below; the top of the list is 16.61 ¢ away and the bottom 14.38 ¢. Alaska was 2nd in 2015 with 17.44 ¢ and is 3rd now; a fall in the table. Alaska commercial prices rose in 7 of 9 years. The largest rise was +7.6% in 2017, and the largest fall -1.6% in 2018. The Alaska price peaked at 21.57 ¢ in 2024 and bottomed at 17.44 ¢ in 2015; 2024 is the peak and +23.7% from the low. Compounded, that is +2.39% a year in Alaska, +0.36 points against the U.S. Alaska buys 0.18% of all U.S. commercial electricity with 0.29% of the accounts, so the average Alaska account uses 0.61 times the national average.

A top-ten price: 21.57 ¢/kWh for Alaska commercial accounts, rank 3 of 51, +69.2% against the U.S. Alaska: +23.7% over nine years, or +2.4% a year, beating the national +19.8% by 3.9 points; 2017 was the biggest single move (+7.6%) and 2024 the high.

Last year's change in Alaska was +3.4% and still rising. Against the residential price of 24.82 ¢ the gap is 3.25 ¢. Commercial sales are 43.1% of Alaska electricity sold, and an average Alaska account used 3,806 kWh a month, an implied bill near $821.

Counting revenue instead of kWh, Alaska commercial accounts bring in 41.9% of Alaska sector revenue on 43.1% of the kWh, a discount of 1.2 points that comes from the price level: 21.57 ¢ here against 24.82 ¢ for residential and 19.31 ¢ for industrial accounts. The average Alaska commercial account uses 3,806 kWh a month, 47 of 51 among states on that measure; a residential account uses 0.15 times as much and an industrial account 25.23 times. Commercial accounts are 15.99% of the 356,597 accounts in Alaska.