Louisiana industrial electricity rates

Analyst note

The Louisiana industrial price sat above the U.S. average in 0 of 10 years; the gap was -1.50 ¢ in 2015 and -2.52 ¢ in 2024. In the 2024 ranking Louisiana sits between Oklahoma (5.84 ¢) one place above and New Mexico (5.43 ¢) one place below; the top of the list is 28.52 ¢ away and the bottom 0.18 ¢. Louisiana was 48th in 2015 with 5.41 ¢ and is 50th now; a fall in the table. Louisiana industrial prices rose in 3 of 9 years. The largest rise was +27.3% in 2021, and the largest fall -22.0% in 2023. The Louisiana price peaked at 7.54 ¢ in 2022 and bottomed at 4.88 ¢ in 2020; 2024 is 25.6% below the peak and +15.0% from the low. Compounded, that is +0.40% a year in Louisiana, -1.42 points against the U.S. Louisiana buys 3.94% of all U.S. industrial electricity with 1.63% of the accounts, so the average Louisiana account uses 2.41 times the national average.

Louisiana industrial customers paid 5.61 ¢ in 2024, which puts the state 50th of 51, a bottom-ten position, 2.52 ¢ under the U.S. Nine years moved the Louisiana industrial price +3.7% (+0.4% a year), behind the U.S. by 14.0 points. The sharpest year was 2021 at +27.3%; the peak came in 2022.

The latest Louisiana year moved -4.6%, so prices have cooled. The Louisiana residential price of 11.73 ¢ sits 6.12 ¢ above. A Louisiana industrial account uses 186,416 kWh a month; priced at 5.61 ¢ that is about $10,458, and the sector buys 42.7% of Louisiana's power.

Counting revenue instead of kWh, Louisiana industrial accounts bring in 27.2% of Louisiana sector revenue on 42.7% of the kWh, a discount of 15.5 points that comes from the price level: 5.61 ¢ here against 11.73 ¢ for residential and 10.46 ¢ for commercial accounts. The average Louisiana industrial account uses 186,416 kWh a month, 17 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 0.74% of the 2,467,236 accounts in Louisiana.