Arkansas commercial electricity rates

Analyst note

The Arkansas commercial price sat above the U.S. average in 0 of 10 years; the gap was -2.32 ¢ in 2015 and -2.51 ¢ in 2024. In the 2024 ranking Arkansas sits between Missouri (10.26 ¢) one place above and Iowa (10.22 ¢) one place below; the top of the list is 27.94 ¢ away and the bottom 3.05 ¢. Arkansas was 46th in 2015 with 8.32 ¢ and is 39th now; a rise in the table. Arkansas commercial prices rose in 5 of 9 years. The largest rise was +13.3% in 2019, and the largest fall -8.9% in 2018. The Arkansas price peaked at 10.34 ¢ in 2023 and bottomed at 7.75 ¢ in 2018; 2024 is 1.0% below the peak and +32.1% from the low. Compounded, that is +2.33% a year in Arkansas, +0.30 points against the U.S. Arkansas buys 0.81% of all U.S. commercial electricity with 1.06% of the accounts, so the average Arkansas account uses 0.76 times the national average.

A middle price: 10.24 ¢/kWh for Arkansas commercial accounts, rank 39 of 51, -19.7% against the U.S. Arkansas: +23.1% over nine years, or +2.3% a year, beating the national +19.8% by 3.2 points; 2019 was the biggest single move (+13.3%) and 2023 the high.

Last year's change in Arkansas was -1.0% and flat. Against the residential price of 12.32 ¢ the gap is 2.08 ¢. Commercial sales are 23.6% of Arkansas electricity sold, and an average Arkansas account used 4,745 kWh a month, an implied bill near $486.

Counting revenue instead of kWh, Arkansas commercial accounts bring in 25.2% of Arkansas sector revenue on 23.6% of the kWh, a premium of 1.6 points that comes from the price level: 10.24 ¢ here against 12.32 ¢ for residential and 6.61 ¢ for industrial accounts. The average Arkansas commercial account uses 4,745 kWh a month, 39 of 51 among states on that measure; a residential account uses 0.22 times as much and an industrial account 9.33 times. Commercial accounts are 12.03% of the 1,720,751 accounts in Arkansas.