Alaska industrial electricity rates

Analyst note

The Alaska industrial price sat above the U.S. average in 10 of 10 years; the gap was +7.62 ¢ in 2015 and +11.18 ¢ in 2024. In the 2024 ranking Alaska sits between Rhode Island (19.70 ¢) one place above and Massachusetts (18.19 ¢) one place below; the top of the list is 14.82 ¢ away and the bottom 13.88 ¢. Alaska was 2nd in 2015 with 14.53 ¢ and is 4th now; a fall in the table. Alaska industrial prices rose in 7 of 9 years. The largest rise was +9.4% in 2022, and the largest fall -6.3% in 2020. The Alaska price peaked at 19.31 ¢ in 2024 and bottomed at 14.53 ¢ in 2015; 2024 is the peak and +32.9% from the low. Compounded, that is +3.21% a year in Alaska, +1.39 points against the U.S. Alaska buys 0.13% of all U.S. industrial electricity with 0.11% of the accounts, so the average Alaska account uses 1.24 times the national average.

A top-ten price: 19.31 ¢/kWh for Alaska industrial accounts, rank 4 of 51, +137.5% against the U.S. Alaska: +32.9% over nine years, or +3.2% a year, beating the national +17.7% by 15.2 points; 2022 was the biggest single move (+9.4%) and 2024 the high.

Last year's change in Alaska was +3.3% and still rising. Against the residential price of 24.82 ¢ the gap is 5.51 ¢. Industrial sales are 22.7% of Alaska electricity sold, and an average Alaska account used 96,014 kWh a month, an implied bill near $18,540.

Counting revenue instead of kWh, Alaska industrial accounts bring in 19.8% of Alaska sector revenue on 22.7% of the kWh, a discount of 2.9 points that comes from the price level: 19.31 ¢ here against 24.82 ¢ for residential and 21.57 ¢ for commercial accounts. The average Alaska industrial account uses 96,014 kWh a month, 29 of 51 among states on that measure; a residential account uses 0.01 times as much and a commercial account 0.04 times. Industrial accounts are 0.33% of the 356,597 accounts in Alaska.