Louisiana residential electricity rates

Analyst note

The Louisiana residential price sat above the U.S. average in 0 of 10 years; the gap was -3.32 ¢ in 2015 and -4.75 ¢ in 2024. In the 2024 ranking Louisiana sits between Washington (11.90 ¢) one place above and Nebraska (11.53 ¢) one place below; the top of the list is 31.13 ¢ away and the bottom 0.22 ¢. Louisiana was 50th in 2015 with 9.33 ¢ and is 48th now; a rise in the table. Louisiana residential prices rose in 6 of 9 years. The largest rise was +17.3% in 2022, and the largest fall -10.7% in 2023. The Louisiana price peaked at 12.93 ¢ in 2022 and bottomed at 9.33 ¢ in 2015; 2024 is 9.3% below the peak and +25.7% from the low. Compounded, that is +2.58% a year in Louisiana, -0.41 points against the U.S. Louisiana buys 2.09% of all U.S. residential electricity with 1.50% of the accounts, so the average Louisiana account uses 1.39 times the national average.

A bottom-ten price: 11.73 ¢/kWh for Louisiana residential accounts, rank 48 of 51, -28.8% against the U.S. Louisiana: +25.7% over nine years, or +2.6% a year, trailing the national +30.3% by 4.6 points; 2022 was the biggest single move (+17.3%) and 2022 the high.

Last year's change in Louisiana was +1.6% and still rising. Against the commercial price of 10.46 ¢ the gap is 1.27 ¢. Residential sales are 32.5% of Louisiana electricity sold, and an average Louisiana account used 1,202 kWh a month, an implied bill near $141.

Counting revenue instead of kWh, Louisiana residential accounts bring in 43.3% of Louisiana sector revenue on 32.5% of the kWh, a premium of 10.8 points that comes from the price level: 11.73 ¢ here against 10.46 ¢ for commercial and 5.61 ¢ for industrial accounts. The average Louisiana residential account uses 1,202 kWh a month, 1 of 51 among states on that measure; a commercial account uses 5.44 times as much and a industrial account 155.11 times. Residential accounts are 87.05% of the 2,467,236 accounts in Louisiana.