Utah residential electricity rates

Analyst note

The Utah residential price sat above the U.S. average in 0 of 10 years; the gap was -1.77 ¢ in 2015 and -4.26 ¢ in 2024. In the 2024 ranking Utah sits between Oklahoma (12.24 ¢) one place above and Washington (11.90 ¢) one place below; the top of the list is 30.64 ¢ away and the bottom 0.71 ¢. Utah was 39th in 2015 with 10.88 ¢ and is 46th now; a fall in the table. Utah residential prices rose in 5 of 9 years. The largest rise was +9.1% in 2024, and the largest fall -4.9% in 2018. The Utah price peaked at 12.22 ¢ in 2024 and bottomed at 10.40 ¢ in 2019; 2024 is the peak and +17.5% from the low. Compounded, that is +1.30% a year in Utah, -1.68 points against the U.S. Utah buys 0.80% of all U.S. residential electricity with 0.89% of the accounts, so the average Utah account uses 0.90 times the national average.

A bottom-ten price: 12.22 ¢/kWh for Utah residential accounts, rank 46 of 51, -25.8% against the U.S. Utah: +12.3% over nine years, or +1.3% a year, trailing the national +30.3% by 18.0 points; 2024 was the biggest single move (+9.1%) and 2024 the high.

Last year's change in Utah was +9.1% and still rising. Against the commercial price of 9.39 ¢ the gap is 2.83 ¢. Residential sales are 34.1% of Utah electricity sold, and an average Utah account used 774 kWh a month, an implied bill near $95.

Counting revenue instead of kWh, Utah residential accounts bring in 41.8% of Utah sector revenue on 34.1% of the kWh, a premium of 7.7 points that comes from the price level: 12.22 ¢ here against 9.39 ¢ for commercial and 7.86 ¢ for industrial accounts. The average Utah residential account uses 774 kWh a month, 33 of 51 among states on that measure; a commercial account uses 10.43 times as much and a industrial account 86.48 times. Residential accounts are 89.04% of the 1,429,520 accounts in Utah.