Connecticut commercial electricity rates

Analyst note

The Connecticut commercial price sat above the U.S. average in 10 of 10 years; the gap was +5.33 ¢ in 2015 and +8.46 ¢ in 2024. In the 2024 ranking Connecticut sits between Alaska (21.57 ¢) one place above and Rhode Island (21.09 ¢) one place below; the top of the list is 16.97 ¢ away and the bottom 14.02 ¢. Connecticut was 3rd in 2015 with 15.97 ¢ and is 4th now; a fall in the table. Connecticut commercial prices rose in 5 of 9 years. The largest rise was +12.6% in 2022, and the largest fall -1.4% in 2016. The Connecticut price peaked at 21.21 ¢ in 2024 and bottomed at 15.75 ¢ in 2016; 2024 is the peak and +34.7% from the low. Compounded, that is +3.20% a year in Connecticut, +1.17 points against the U.S. Connecticut buys 0.80% of all U.S. commercial electricity with 0.80% of the accounts, so the average Connecticut account uses 1.00 times the national average.

Connecticut commercial customers paid 21.21 ¢ in 2024, which puts the state 4th of 51, a top-ten position, 8.46 ¢ over the U.S. Nine years moved the Connecticut commercial price +32.8% (+3.2% a year), ahead of the U.S. by 13.0 points. The sharpest year was 2022 at +12.6%; the peak came in 2024.

The latest Connecticut year moved +6.1%, so prices are still climbing. The Connecticut residential price of 28.75 ¢ sits 7.54 ¢ above. A Connecticut commercial account uses 6,198 kWh a month; priced at 21.21 ¢ that is about $1,315, and the sector buys 42.6% of Connecticut's power.

Counting revenue instead of kWh, Connecticut commercial accounts bring in 37.3% of Connecticut sector revenue on 42.9% of the kWh, a discount of 5.6 points that comes from the price level: 21.21 ¢ here against 28.75 ¢ for residential and 17.12 ¢ for industrial accounts. The average Connecticut commercial account uses 6,198 kWh a month, 18 of 51 among states on that measure; a residential account uses 0.11 times as much and an industrial account 8.89 times. Commercial accounts are 9.15% of the 1,713,428 accounts in Connecticut.