Mississippi residential electricity rates

Analyst note

The Mississippi residential price sat above the U.S. average in 0 of 10 years; the gap was -1.38 ¢ in 2015 and -3.09 ¢ in 2024. In the 2024 ranking Mississippi sits between Iowa (13.40 ¢) one place above and Missouri (12.91 ¢) one place below; the top of the list is 29.47 ¢ away and the bottom 1.88 ¢. Mississippi was 35th in 2015 with 11.27 ¢ and is 37th now; a fall in the table. Mississippi residential prices rose in 7 of 9 years. The largest rise was +7.4% in 2022, and the largest fall -7.1% in 2016. The Mississippi price peaked at 13.39 ¢ in 2024 and bottomed at 10.47 ¢ in 2016; 2024 is the peak and +27.9% from the low. Compounded, that is +1.93% a year in Mississippi, -1.05 points against the U.S. Mississippi buys 1.25% of all U.S. residential electricity with 0.94% of the accounts, so the average Mississippi account uses 1.34 times the national average.

Mississippi residential customers paid 13.39 ¢ in 2024, which puts the state 37th of 51, a middle position, 3.09 ¢ under the U.S. Nine years moved the Mississippi residential price +18.8% (+1.9% a year), behind the U.S. by 11.5 points. The sharpest year was 2022 at +7.4%; the peak came in 2024.

The latest Mississippi year moved +1.2%, so prices are still climbing. The Mississippi commercial price of 12.32 ¢ sits 1.07 ¢ below. A Mississippi residential account uses 1,156 kWh a month; priced at 13.39 ¢ that is about $155, and the sector buys 38.2% of Mississippi's power.

Counting revenue instead of kWh, Mississippi residential accounts bring in 46.8% of Mississippi sector revenue on 38.2% of the kWh, a premium of 8.6 points that comes from the price level: 13.39 ¢ here against 12.32 ¢ for commercial and 6.81 ¢ for industrial accounts. The average Mississippi residential account uses 1,156 kWh a month, 2 of 51 among states on that measure; a commercial account uses 4.14 times as much and a industrial account 92.44 times. Residential accounts are 83.80% of the 1,599,687 accounts in Mississippi.