Alaska residential electricity rates

Analyst note

The Alaska residential price sat above the U.S. average in 9 of 9 years; the gap was +7.18 ¢ in 2015 and +8.34 ¢ in 2024. In the 2024 ranking Alaska sits between Rhode Island (28.65 ¢) one place above and New York (24.43 ¢) one place below; the top of the list is 18.04 ¢ away and the bottom 13.31 ¢. Alaska was 4th in 2015 with 19.83 ¢ and is 6th now; a fall in the table. Alaska residential prices rose in 6 of 8 years. The largest rise was +7.3% in 2017, and the largest fall -1.5% in 2020. The Alaska price peaked at 24.82 ¢ in 2024 and bottomed at 19.83 ¢ in 2015; 2024 is the peak and +25.2% from the low. Compounded, that is +2.53% a year in Alaska, -0.46 points against the U.S. Alaska buys 0.14% of all U.S. residential electricity with 0.21% of the accounts, so the average Alaska account uses 0.67 times the national average.

Alaska residential customers paid 24.82 ¢ in 2024, which puts the state 6th of 51, a top-ten position, 8.34 ¢ over the U.S. Nine years moved the Alaska residential price +25.2% (+2.5% a year), behind the U.S. by 5.1 points. The sharpest year was 2019 at +4.5%; the peak came in 2024.

The latest Alaska year moved +3.8%, so prices are still climbing. The Alaska commercial price of 21.57 ¢ sits 3.25 ¢ below. A Alaska residential account uses 578 kWh a month; priced at 24.82 ¢ that is about $144, and the sector buys 34.2% of Alaska's power.

Counting revenue instead of kWh, Alaska residential accounts bring in 38.3% of Alaska sector revenue on 34.2% of the kWh, a premium of 4.1 points that comes from the price level: 24.82 ¢ here against 21.57 ¢ for commercial and 19.31 ¢ for industrial accounts. The average Alaska residential account uses 578 kWh a month, 44 of 51 among states on that measure; a commercial account uses 6.58 times as much and a industrial account 166.04 times. Residential accounts are 83.68% of the 356,597 accounts in Alaska.