North Dakota residential electricity rates

Analyst note

The North Dakota residential price sat above the U.S. average in 0 of 10 years; the gap was -3.03 ¢ in 2015 and -4.97 ¢ in 2024. In the 2024 ranking North Dakota sits between Idaho (11.52 ¢) one place above; the top of the list is 31.35 ¢ away and the bottom 0.00 ¢. North Dakota was 49th in 2015 with 9.62 ¢ and is 51st now; a fall in the table. North Dakota residential prices rose in 8 of 9 years. The largest rise was +5.6% in 2016, and the largest fall -0.4% in 2018. The North Dakota price peaked at 11.51 ¢ in 2024 and bottomed at 9.62 ¢ in 2015; 2024 is the peak and +19.6% from the low. Compounded, that is +2.01% a year in North Dakota, -0.97 points against the U.S. North Dakota buys 0.33% of all U.S. residential electricity with 0.28% of the accounts, so the average North Dakota account uses 1.19 times the national average.

A bottom-ten price: 11.51 ¢/kWh for North Dakota residential accounts, rank 51 of 51, -30.2% against the U.S. North Dakota: +19.6% over nine years, or +2.0% a year, trailing the national +30.3% by 10.6 points; 2016 was the biggest single move (+5.6%) and 2024 the high.

Last year's change in North Dakota was +4.5% and still rising. Against the commercial price of 7.19 ¢ the gap is 4.32 ¢. Residential sales are 16.5% of North Dakota electricity sold, and an average North Dakota account used 1,029 kWh a month, an implied bill near $118.

Counting revenue instead of kWh, North Dakota residential accounts bring in 23.9% of North Dakota sector revenue on 16.5% of the kWh, a premium of 7.4 points that comes from the price level: 11.51 ¢ here against 7.19 ¢ for commercial and 7.25 ¢ for industrial accounts. The average North Dakota residential account uses 1,029 kWh a month, 14 of 51 among states on that measure; a commercial account uses 11.87 times as much and a industrial account 101.04 times. Residential accounts are 81.88% of the 485,894 accounts in North Dakota.