North Dakota commercial electricity rates

Analyst note

The North Dakota commercial price sat above the U.S. average in 0 of 10 years; the gap was -1.81 ¢ in 2015 and -5.56 ¢ in 2024. In the 2024 ranking North Dakota sits between Nebraska (8.39 ¢) one place above; the top of the list is 30.99 ¢ away and the bottom 0.00 ¢. North Dakota was 39th in 2015 with 8.83 ¢ and is 51st now; a fall in the table. North Dakota commercial prices rose in 4 of 9 years. The largest rise was +3.6% in 2016, and the largest fall -12.7% in 2023. The North Dakota price peaked at 9.19 ¢ in 2017 and bottomed at 7.19 ¢ in 2024; 2024 is 21.8% below the peak and +0.0% from the low. Compounded, that is -2.26% a year in North Dakota, -4.29 points against the U.S. North Dakota buys 0.78% of all U.S. commercial electricity with 0.40% of the accounts, so the average North Dakota account uses 1.97 times the national average.

North Dakota commercial customers paid 7.19 ¢ in 2024, which puts the state 51st of 51, a bottom-ten position, 5.56 ¢ under the U.S. Nine years moved the North Dakota commercial price -18.6% (-2.3% a year), behind the U.S. by 38.4 points. The sharpest year was 2023 at -12.7%; the peak came in 2017.

The latest North Dakota year moved -2.6%, so prices have cooled. The North Dakota residential price of 11.51 ¢ sits 4.32 ¢ above. A North Dakota commercial account uses 12,209 kWh a month; priced at 7.19 ¢ that is about $878, and the sector buys 38.0% of North Dakota's power.

Counting revenue instead of kWh, North Dakota commercial accounts bring in 34.4% of North Dakota sector revenue on 38.0% of the kWh, a discount of 3.5 points that comes from the price level: 7.19 ¢ here against 11.51 ¢ for residential and 7.25 ¢ for industrial accounts. The average North Dakota commercial account uses 12,209 kWh a month, 3 of 51 among states on that measure; a residential account uses 0.08 times as much and an industrial account 8.51 times. Commercial accounts are 15.89% of the 485,894 accounts in North Dakota.