Pennsylvania industrial electricity rates

Analyst note

The Pennsylvania industrial price sat above the U.S. average in 2 of 10 years; the gap was +0.29 ¢ in 2015 and -0.26 ¢ in 2024. In the 2024 ranking Pennsylvania sits between Missouri (7.87 ¢) one place above and Utah (7.86 ¢) one place below; the top of the list is 26.26 ¢ away and the bottom 2.44 ¢. Pennsylvania was 21st in 2015 with 7.20 ¢ and is 28th now; a fall in the table. Pennsylvania industrial prices rose in 4 of 9 years. The largest rise was +25.5% in 2022, and the largest fall -6.3% in 2019. The Pennsylvania price peaked at 8.21 ¢ in 2022 and bottomed at 6.16 ¢ in 2020; 2024 is 4.1% below the peak and +27.8% from the low. Compounded, that is +0.99% a year in Pennsylvania, -0.83 points against the U.S. Pennsylvania buys 4.72% of all U.S. industrial electricity with 1.16% of the accounts, so the average Pennsylvania account uses 4.06 times the national average.

A middle price: 7.87 ¢/kWh for Pennsylvania industrial accounts, rank 28 of 51, -3.2% against the U.S. Pennsylvania: +9.3% over nine years, or +1.0% a year, trailing the national +17.7% by 8.4 points; 2022 was the biggest single move (+25.5%) and 2022 the high.

Last year's change in Pennsylvania was +1.5% and still rising. Against the residential price of 17.77 ¢ the gap is 9.90 ¢. Industrial sales are 34.4% of Pennsylvania electricity sold, and an average Pennsylvania account used 313,960 kWh a month, an implied bill near $24,709.

Counting revenue instead of kWh, Pennsylvania industrial accounts bring in 21.7% of Pennsylvania sector revenue on 34.5% of the kWh, a discount of 12.8 points that comes from the price level: 7.87 ¢ here against 17.77 ¢ for residential and 11.03 ¢ for commercial accounts. The average Pennsylvania industrial account uses 313,960 kWh a month, 11 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.01 times. Industrial accounts are 0.21% of the 6,288,238 accounts in Pennsylvania.