Kentucky industrial electricity rates

Analyst note

The Kentucky industrial price sat above the U.S. average in 0 of 10 years; the gap was -1.43 ¢ in 2015 and -1.63 ¢ in 2024. In the 2024 ranking Kentucky sits between Washington (6.61 ¢) one place above and Tennessee (6.21 ¢) one place below; the top of the list is 27.63 ¢ away and the bottom 1.07 ¢. Kentucky was 47th in 2015 with 5.48 ¢ and is 46th now; a rise in the table. Kentucky industrial prices rose in 4 of 9 years. The largest rise was +24.5% in 2022, and the largest fall -11.6% in 2023. The Kentucky price peaked at 7.41 ¢ in 2022 and bottomed at 5.31 ¢ in 2020; 2024 is 12.3% below the peak and +22.4% from the low. Compounded, that is +1.91% a year in Kentucky, +0.09 points against the U.S. Kentucky buys 2.71% of all U.S. industrial electricity with 0.43% of the accounts, so the average Kentucky account uses 6.23 times the national average.

Kentucky industrial customers paid 6.50 ¢ in 2024, which puts the state 46th of 51, a bottom-ten position, 1.63 ¢ under the U.S. Nine years moved the Kentucky industrial price +18.6% (+1.9% a year), level with the U.S. by 1.0 points. The sharpest year was 2022 at +24.5%; the peak came in 2022.

The latest Kentucky year moved -0.8%, so the price is flat. The Kentucky residential price of 12.79 ¢ sits 6.29 ¢ above. A Kentucky industrial account uses 481,596 kWh a month; priced at 6.50 ¢ that is about $31,304, and the sector buys 37.6% of Kentucky's power.

Counting revenue instead of kWh, Kentucky industrial accounts bring in 24.3% of Kentucky sector revenue on 37.6% of the kWh, a discount of 13.3 points that comes from the price level: 6.50 ¢ here against 12.79 ¢ for residential and 11.50 ¢ for commercial accounts. The average Kentucky industrial account uses 481,596 kWh a month, 5 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.01 times. Industrial accounts are 0.20% of the 2,409,509 accounts in Kentucky.