Vermont residential electricity rates

Analyst note

The Vermont residential price sat above the U.S. average in 10 of 10 years; the gap was +4.44 ¢ in 2015 and +5.42 ¢ in 2024. In the 2024 ranking Vermont sits between New Hampshire (23.40 ¢) one place above and New Jersey (19.34 ¢) one place below; the top of the list is 20.96 ¢ away and the bottom 10.39 ¢. Vermont was 8th in 2015 with 17.09 ¢ and is 10th now; a fall in the table. Vermont residential prices rose in 7 of 9 years. The largest rise was +10.3% in 2020, and the largest fall -1.7% in 2019. The Vermont price peaked at 21.90 ¢ in 2024 and bottomed at 17.09 ¢ in 2015; 2024 is the peak and +28.1% from the low. Compounded, that is +2.79% a year in Vermont, -0.19 points against the U.S. Vermont buys 0.15% of all U.S. residential electricity with 0.23% of the accounts, so the average Vermont account uses 0.66 times the national average.

A top-ten price: 21.90 ¢/kWh for Vermont residential accounts, rank 10 of 51, +32.9% against the U.S. Vermont: +28.1% over nine years, or +2.8% a year, matching the national +30.3% by 2.1 points; 2020 was the biggest single move (+10.3%) and 2024 the high.

Last year's change in Vermont was +5.2% and still rising. Against the commercial price of 18.89 ¢ the gap is 3.01 ¢. Residential sales are 40.9% of Vermont electricity sold, and an average Vermont account used 574 kWh a month, an implied bill near $126.

Counting revenue instead of kWh, Vermont residential accounts bring in 48.6% of Vermont sector revenue on 40.9% of the kWh, a premium of 7.7 points that comes from the price level: 21.90 ¢ here against 18.89 ¢ for commercial and 11.58 ¢ for industrial accounts. The average Vermont residential account uses 574 kWh a month, 45 of 51 among states on that measure; a commercial account uses 4.41 times as much and a industrial account 763.18 times. Residential accounts are 83.39% of the 388,511 accounts in Vermont.