Mississippi industrial electricity rates

Analyst note

The Mississippi industrial price sat above the U.S. average in 0 of 10 years; the gap was -0.35 ¢ in 2015 and -1.32 ¢ in 2024. In the 2024 ranking Mississippi sits between South Carolina (6.84 ¢) one place above and Iowa (6.80 ¢) one place below; the top of the list is 27.32 ¢ away and the bottom 1.38 ¢. Mississippi was 31st in 2015 with 6.56 ¢ and is 42nd now; a fall in the table. Mississippi industrial prices rose in 5 of 9 years. The largest rise was +12.8% in 2022, and the largest fall -11.7% in 2016. The Mississippi price peaked at 6.96 ¢ in 2023 and bottomed at 5.63 ¢ in 2020; 2024 is 2.2% below the peak and +21.0% from the low. Compounded, that is +0.42% a year in Mississippi, -1.41 points against the U.S. Mississippi buys 1.54% of all U.S. industrial electricity with 1.11% of the accounts, so the average Mississippi account uses 1.38 times the national average.

A bottom-ten price: 6.81 ¢/kWh for Mississippi industrial accounts, rank 42 of 51, -16.2% against the U.S. Mississippi: +3.8% over nine years, or +0.4% a year, trailing the national +17.7% by 13.8 points; 2022 was the biggest single move (+12.8%) and 2023 the high.

Last year's change in Mississippi was -2.2% and falling. Against the residential price of 13.39 ¢ the gap is 6.58 ¢. Industrial sales are 32.7% of Mississippi electricity sold, and an average Mississippi account used 106,855 kWh a month, an implied bill near $7,277.

Counting revenue instead of kWh, Mississippi industrial accounts bring in 20.4% of Mississippi sector revenue on 32.7% of the kWh, a discount of 12.3 points that comes from the price level: 6.81 ¢ here against 13.39 ¢ for residential and 12.32 ¢ for commercial accounts. The average Mississippi industrial account uses 106,855 kWh a month, 26 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 0.78% of the 1,599,687 accounts in Mississippi.