Arkansas industrial electricity rates

Analyst note

The Arkansas industrial price sat above the U.S. average in 0 of 10 years; the gap was -0.68 ¢ in 2015 and -1.52 ¢ in 2024. In the 2024 ranking Arkansas sits between Iowa (6.80 ¢) one place above and Washington (6.61 ¢) one place below; the top of the list is 27.52 ¢ away and the bottom 1.18 ¢. Arkansas was 37th in 2015 with 6.23 ¢ and is 45th now; a fall in the table. Arkansas industrial prices rose in 3 of 9 years. The largest rise was +12.3% in 2022, and the largest fall -7.1% in 2018. The Arkansas price peaked at 7.38 ¢ in 2022 and bottomed at 5.64 ¢ in 2018; 2024 is 10.4% below the peak and +17.2% from the low. Compounded, that is +0.66% a year in Arkansas, -1.16 points against the U.S. Arkansas buys 1.89% of all U.S. industrial electricity with 3.30% of the accounts, so the average Arkansas account uses 0.57 times the national average.

A bottom-ten price: 6.61 ¢/kWh for Arkansas industrial accounts, rank 45 of 51, -18.7% against the U.S. Arkansas: +6.1% over nine years, or +0.7% a year, trailing the national +17.7% by 11.6 points; 2022 was the biggest single move (+12.3%) and 2022 the high.

Last year's change in Arkansas was -3.8% and falling. Against the residential price of 12.32 ¢ the gap is 5.71 ¢. Industrial sales are 39.1% of Arkansas electricity sold, and an average Arkansas account used 44,250 kWh a month, an implied bill near $2,925.

Counting revenue instead of kWh, Arkansas industrial accounts bring in 27.0% of Arkansas sector revenue on 39.1% of the kWh, a discount of 12.2 points that comes from the price level: 6.61 ¢ here against 12.32 ¢ for residential and 10.24 ¢ for commercial accounts. The average Arkansas industrial account uses 44,250 kWh a month, 43 of 51 among states on that measure; a residential account uses 0.02 times as much and a commercial account 0.11 times. Industrial accounts are 2.14% of the 1,720,751 accounts in Arkansas.