Georgia industrial electricity rates

Analyst note

The Georgia industrial price sat above the U.S. average in 1 of 10 years; the gap was -1.04 ¢ in 2015 and -0.92 ¢ in 2024. In the 2024 ranking Georgia sits between North Dakota (7.25 ¢) one place above and Ohio (7.10 ¢) one place below; the top of the list is 26.92 ¢ away and the bottom 1.78 ¢. Georgia was 45th in 2015 with 5.87 ¢ and is 39th now; a rise in the table. Georgia industrial prices rose in 6 of 9 years. The largest rise was +33.3% in 2022, and the largest fall -20.5% in 2023. The Georgia price peaked at 8.65 ¢ in 2022 and bottomed at 5.77 ¢ in 2020; 2024 is 16.6% below the peak and +25.0% from the low. Compounded, that is +2.31% a year in Georgia, +0.49 points against the U.S. Georgia buys 3.15% of all U.S. industrial electricity with 2.18% of the accounts, so the average Georgia account uses 1.45 times the national average.

Georgia industrial customers paid 7.21 ¢ in 2024, which puts the state 39th of 51, a middle position, 0.92 ¢ under the U.S. Nine years moved the Georgia industrial price +22.8% (+2.3% a year), ahead of the U.S. by 5.2 points. The sharpest year was 2022 at +33.3%; the peak came in 2022.

The latest Georgia year moved +4.8%, so prices are still climbing. The Georgia residential price of 14.08 ¢ sits 6.87 ¢ above. A Georgia industrial account uses 111,689 kWh a month; priced at 7.21 ¢ that is about $8,053, and the sector buys 21.7% of Georgia's power.

Counting revenue instead of kWh, Georgia industrial accounts bring in 13.8% of Georgia sector revenue on 21.8% of the kWh, a discount of 8.0 points that comes from the price level: 7.21 ¢ here against 14.08 ¢ for residential and 10.87 ¢ for commercial accounts. The average Georgia industrial account uses 111,689 kWh a month, 24 of 51 among states on that measure; a residential account uses 0.01 times as much and a commercial account 0.07 times. Industrial accounts are 0.45% of the 5,459,008 accounts in Georgia.