Delaware industrial electricity rates

Analyst note

The Delaware industrial price sat above the U.S. average in 9 of 10 years; the gap was +1.37 ¢ in 2015 and +0.36 ¢ in 2024. In the 2024 ranking Delaware sits between Florida (8.50 ¢) one place above and South Dakota (8.28 ¢) one place below; the top of the list is 25.64 ¢ away and the bottom 3.06 ¢. Delaware was 13th in 2015 with 8.28 ¢ and is 21st now; a fall in the table. Delaware industrial prices rose in 4 of 9 years. The largest rise was +15.7% in 2022, and the largest fall -13.0% in 2020. The Delaware price peaked at 8.79 ¢ in 2022 and bottomed at 6.70 ¢ in 2020; 2024 is 3.4% below the peak and +26.7% from the low. Compounded, that is +0.28% a year in Delaware, -1.54 points against the U.S. Delaware buys 0.19% of all U.S. industrial electricity with 0.10% of the accounts, so the average Delaware account uses 1.77 times the national average.

Delaware industrial customers paid 8.49 ¢ in 2024, which puts the state 21st of 51, a middle position, 0.36 ¢ over the U.S. Nine years moved the Delaware industrial price +2.5% (+0.3% a year), behind the U.S. by 15.1 points. The sharpest year was 2022 at +15.7%; the peak came in 2022.

The latest Delaware year moved +8.2%, so prices are still climbing. The Delaware residential price of 16.57 ¢ sits 8.08 ¢ above. A Delaware industrial account uses 136,668 kWh a month; priced at 8.49 ¢ that is about $11,603, and the sector buys 16.9% of Delaware's power.

Counting revenue instead of kWh, Delaware industrial accounts bring in 10.6% of Delaware sector revenue on 16.9% of the kWh, a discount of 6.3 points that comes from the price level: 8.49 ¢ here against 16.57 ¢ for residential and 12.20 ¢ for commercial accounts. The average Delaware industrial account uses 136,668 kWh a month, 21 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 0.22% of the 535,330 accounts in Delaware.