Mississippi commercial electricity rates

Analyst note

The Mississippi commercial price sat above the U.S. average in 0 of 10 years; the gap was -0.09 ¢ in 2015 and -0.43 ¢ in 2024. In the 2024 ranking Mississippi sits between Indiana (12.44 ¢) one place above and Arizona (12.23 ¢) one place below; the top of the list is 25.86 ¢ away and the bottom 5.13 ¢. Mississippi was 16th in 2015 with 10.55 ¢ and is 18th now; a fall in the table. Mississippi commercial prices rose in 6 of 9 years. The largest rise was +8.8% in 2022, and the largest fall -9.3% in 2016. The Mississippi price peaked at 12.37 ¢ in 2023 and bottomed at 9.57 ¢ in 2016; 2024 is 0.4% below the peak and +28.7% from the low. Compounded, that is +1.74% a year in Mississippi, -0.29 points against the U.S. Mississippi buys 0.98% of all U.S. commercial electricity with 1.27% of the accounts, so the average Mississippi account uses 0.77 times the national average.

A middle price: 12.32 ¢/kWh for Mississippi commercial accounts, rank 18 of 51, -3.4% against the U.S. Mississippi: +16.8% over nine years, or +1.7% a year, trailing the national +19.8% by 3.1 points; 2016 was the biggest single move (-9.3%) and 2023 the high.

Last year's change in Mississippi was -0.4% and flat. Against the residential price of 13.39 ¢ the gap is 1.07 ¢. Commercial sales are 29.1% of Mississippi electricity sold, and an average Mississippi account used 4,785 kWh a month, an implied bill near $590.

Counting revenue instead of kWh, Mississippi commercial accounts bring in 32.8% of Mississippi sector revenue on 29.1% of the kWh, a premium of 3.7 points that comes from the price level: 12.32 ¢ here against 13.39 ¢ for residential and 6.81 ¢ for industrial accounts. The average Mississippi commercial account uses 4,785 kWh a month, 38 of 51 among states on that measure; a residential account uses 0.24 times as much and an industrial account 22.33 times. Commercial accounts are 15.43% of the 1,599,687 accounts in Mississippi.