Georgia residential electricity rates

Analyst note

The Georgia residential price sat above the U.S. average in 0 of 10 years; the gap was -1.11 ¢ in 2015 and -2.40 ¢ in 2024. In the 2024 ranking Georgia sits between North Carolina (14.13 ¢) one place above and Iowa (13.40 ¢) one place below; the top of the list is 28.78 ¢ away and the bottom 2.57 ¢. Georgia was 32nd in 2015 with 11.54 ¢ and is 35th now; a fall in the table. Georgia residential prices rose in 6 of 9 years. The largest rise was +10.3% in 2022, and the largest fall -3.6% in 2018. The Georgia price peaked at 14.08 ¢ in 2024 and bottomed at 11.47 ¢ in 2018; 2024 is the peak and +22.8% from the low. Compounded, that is +2.24% a year in Georgia, -0.75 points against the U.S. Georgia buys 4.19% of all U.S. residential electricity with 3.36% of the accounts, so the average Georgia account uses 1.24 times the national average.

Georgia residential customers paid 14.08 ¢ in 2024, which puts the state 35th of 51, a middle position, 2.40 ¢ under the U.S. Nine years moved the Georgia residential price +22.0% (+2.2% a year), behind the U.S. by 8.3 points. The sharpest year was 2022 at +10.3%; the peak came in 2024.

The latest Georgia year moved +2.8%, so prices are still climbing. The Georgia commercial price of 10.87 ¢ sits 3.21 ¢ below. A Georgia residential account uses 1,074 kWh a month; priced at 14.08 ¢ that is about $151, and the sector buys 41.4% of Georgia's power.

Counting revenue instead of kWh, Georgia residential accounts bring in 51.1% of Georgia sector revenue on 41.4% of the kWh, a premium of 9.7 points that comes from the price level: 14.08 ¢ here against 10.87 ¢ for commercial and 7.21 ¢ for industrial accounts. The average Georgia residential account uses 1,074 kWh a month, 9 of 51 among states on that measure; a commercial account uses 6.91 times as much and a industrial account 103.99 times. Residential accounts are 88.21% of the 5,459,008 accounts in Georgia.