Delaware residential electricity rates

Analyst note

The Delaware residential price sat above the U.S. average in 4 of 10 years; the gap was +0.77 ¢ in 2015 and +0.09 ¢ in 2024. In the 2024 ranking Delaware sits between Wisconsin (17.18 ¢) one place above and Ohio (15.99 ¢) one place below; the top of the list is 26.29 ¢ away and the bottom 5.06 ¢. Delaware was 16th in 2015 with 13.42 ¢ and is 17th now; a fall in the table. Delaware residential prices rose in 5 of 9 years. The largest rise was +14.7% in 2023, and the largest fall -6.1% in 2018. The Delaware price peaked at 16.57 ¢ in 2024 and bottomed at 12.52 ¢ in 2021; 2024 is the peak and +32.3% from the low. Compounded, that is +2.37% a year in Delaware, -0.61 points against the U.S. Delaware buys 0.35% of all U.S. residential electricity with 0.33% of the accounts, so the average Delaware account uses 1.05 times the national average.

A middle price: 16.57 ¢/kWh for Delaware residential accounts, rank 17 of 51, +0.5% against the U.S. Delaware: +23.5% over nine years, or +2.4% a year, trailing the national +30.3% by 6.8 points; 2023 was the biggest single move (+14.7%) and 2024 the high.

Last year's change in Delaware was +5.3% and still rising. Against the commercial price of 12.20 ¢ the gap is 4.37 ¢. Residential sales are 45.5% of Delaware electricity sold, and an average Delaware account used 911 kWh a month, an implied bill near $151.

Counting revenue instead of kWh, Delaware residential accounts bring in 55.6% of Delaware sector revenue on 45.5% of the kWh, a premium of 10.1 points that comes from the price level: 16.57 ¢ here against 12.20 ¢ for commercial and 8.49 ¢ for industrial accounts. The average Delaware residential account uses 911 kWh a month, 24 of 51 among states on that measure; a commercial account uses 6.46 times as much and a industrial account 150.07 times. Residential accounts are 88.45% of the 535,330 accounts in Delaware.