Virginia industrial electricity rates
Virginia industrial electricity cost 8.99 cents per kWh in 2024, with 3,794 accounts buying 13.8 TWh.
In 2024 Virginia industrial accounts paid 8.99 ¢/kWh, rank 15 of 51 and 10.6% above the U.S. industrial price (8.13 ¢). A Virginia account using 302,573 kWh a month pays about $27,201. Since 2015 the Virginia price moved +29.4%.
Virginia sits 0.16 ¢ under Minnesota, the state above, and 0.16 ¢ over Illinois, the state below. At 302,573 kWh a month, energy in Virginia costs 10,772 dollars more than in New Mexico, the cheapest industrial state.
How it compares
| Industrial price | 2024 | 2015 | Change | Bill |
|---|---|---|---|---|
| Virginia | 8.99 ¢/kWhthis state | 6.95 ¢/kWh | +29.4% | $27,201at 302,573 kWh |
| Minnesota (next above) | 9.15 ¢/kWh+0.16 ¢ against Virginia | 7.02 ¢/kWh | +30.3% | $27,685at 302,573 kWh |
| Illinois (next below)Lowest in this table | 8.83 ¢/kWh-0.16 ¢ against Virginia | 6.67 ¢/kWh | +32.4% | $26,717at 302,573 kWh |
Virginia industrial: 2025 and 2026
Virginia industrial, data to July 2026.
- Virginia 2025 average price
- 9.45 ¢/kWh+5.1% against 2024, U.S. +6.0%
- Virginia 2025 rank
- 16 of 51-1 places against 2024
- Virginia January to Jul 2026
- 10.08 ¢/kWh+8.9% on Jan-Jul 2025
- Virginia Last 12 months
- 9.93 ¢/kWhto July 2026
- Virginia July 2026
- 10.07 ¢/kWh+3.8% against July 2025
- Virginia 2025 costliest month
- Oct 10.31 ¢cheapest Mar 8.95 ¢, a 15% spread
- Virginia Typical 2025 bill
- $26,992 a monthtop Oct $29,765, low Feb $22,782
The Virginia industrial price averaged 9.45 ¢/kWh in 2025, +5.1% on 2024: Virginia stayed within 0.9 points of the nation. From January to July 2026 the Virginia average is 10.08 ¢, +8.9% on 2025, 3.0 points above the U.S. change. Seasonality in Virginia: 2025 peaked in October at 10.31 ¢ and bottomed in March at 8.95 ¢. A typical industrial account in Virginia paid about $323,899 for energy over 2025, from $22,782 in February to $29,765 in October; use per account ran 254,267 to 288,698 kWh a month.
Virginia industrial price by month, 2024 to Jul 2026
Price by month, Virginia industrial: 12 rows
| Month | 2024 | 2025 | 2026 to Jul |
|---|---|---|---|
| Jan | 8.94 | 9.19 | 10.59 |
| Feb | 8.87 | 8.96 | 9.98 |
| Mar | 8.99 | 8.95 | 10.25 |
| Apr | 9.17 | 9.33 | 9.86 |
| May | 9.34 | 9.24 | 10.53 |
| Jun | 9.07 | 9.39 | 9.31 |
| Jul | 8.99 | 9.70 | 10.07 |
| Aug | 8.58 | 9.36 | No data |
| Sep | 8.96 | 9.69 | No data |
| Oct | 9.58 | 10.31 | No data |
| Nov | 8.59 | 9.92 | No data |
| Dec | 8.84 | 9.35 | No data |
12 rows from EIA retail sales.
CSVWhat a typical Virginia industrial account paid each month
Virginia industrial: use per account times price, energy only.
Typical bill by month, Virginia industrial: 12 rows
| Month | 2025 | 2026 to Jul |
|---|---|---|
| Jan | 27537 | 28953 |
| Feb | 22782 | 24366 |
| Mar | 25154 | 27953 |
| Apr | 26259 | 26272 |
| May | 27012 | 29179 |
| Jun | 28335 | 25943 |
| Jul | 29117 | 28872 |
| Aug | 29383 | No data |
| Sep | 27048 | No data |
| Oct | 29765 | No data |
| Nov | 27451 | No data |
| Dec | 24057 | No data |
12 rows from EIA retail sales.
CSVVirginia industrial charts
Industrial price, Virginia and U.S.
Virginia 6.95 ¢ in 2015 and 8.99 ¢ in 2024, 0.86 ¢ over the national figure.
Virginia industrial price against the national average, 2015 to 2024: 10 rows
| Year | Virginia industrial | Gap to U.S. industrial | Virginia residential |
|---|---|---|---|
| 2015 | 6.95 | +0.04 | 11.37 |
| 2016 | 6.56 | -0.20 | 11.36 |
| 2017 | 6.51 | -0.37 | 11.55 |
| 2018 | 6.86 | -0.06 | 11.73 |
| 2019 | 6.85 | +0.04 | 12.07 |
| 2020 | 6.28 | -0.39 | 12.03 |
| 2021 | 6.49 | -0.69 | 11.96 |
| 2022 | 7.99 | -0.33 | 13.34 |
| 2023 | 8.92 | +0.88 | 14.26 |
| 2024 | 8.99 | +0.86 | 14.41 |
10 rows from EIA retail sales.
CSVAnnual change
Biggest move +23.1% in 2022; latest +0.8%.
% vs prior year
- -5.62016
- -0.82017
- +5.42018
- -0.12019
- -8.32020
- +3.32021
- +23.12022
- +11.62023
- +0.82024
Year-over-year change, Virginia industrial price: EIA retail sales.
CSVAnalyst note
The Virginia industrial price sat above the U.S. average in 4 of 10 years; the gap was +0.04 ¢ in 2015 and +0.86 ¢ in 2024. In the 2024 ranking Virginia sits between Minnesota (9.15 ¢) one place above and Illinois (8.83 ¢) one place below; the top of the list is 25.14 ¢ away and the bottom 3.56 ¢. Virginia was 25th in 2015 with 6.95 ¢ and is 15th now; a rise in the table. Virginia industrial prices rose in 5 of 9 years. The largest rise was +23.1% in 2022, and the largest fall -8.3% in 2020. The Virginia price peaked at 8.99 ¢ in 2024 and bottomed at 6.28 ¢ in 2020; 2024 is the peak and +43.2% from the low. Compounded, that is +2.90% a year in Virginia, +1.08 points against the U.S. Virginia buys 1.33% of all U.S. industrial electricity with 0.34% of the accounts, so the average Virginia account uses 3.92 times the national average.
A middle price: 8.99 ¢/kWh for Virginia industrial accounts, rank 15 of 51, +10.6% against the U.S. Virginia: +29.4% over nine years, or +2.9% a year, beating the national +17.7% by 11.7 points; 2022 was the biggest single move (+23.1%) and 2024 the high.
Last year's change in Virginia was +0.8% and flat. Against the residential price of 14.41 ¢ the gap is 5.42 ¢. Industrial sales are 10.0% of Virginia electricity sold, and an average Virginia account used 302,573 kWh a month, an implied bill near $27,201.
Counting revenue instead of kWh, Virginia industrial accounts bring in 8.5% of Virginia sector revenue on 10.0% of the kWh, a discount of 1.5 points that comes from the price level: 8.99 ¢ here against 14.41 ¢ for residential and 8.72 ¢ for commercial accounts. The average Virginia industrial account uses 302,573 kWh a month, 12 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.05 times. Industrial accounts are 0.09% of the 4,104,031 accounts in Virginia.
Facts
- Industrial price 2024
- 8.99 ¢/kWh+10.6% against U.S.
- Price in 2015
- 6.95 ¢/kWh+29.4% to 2024
- Annual change
- +2.9%+1.1 points vs U.S.
- Rank
- 15 of 5136 states cost less
- Gap to U.S.
- +0.86 ¢$2,602.13 a month
- Peak year
- 20248.99 ¢; 2020 low 6.28 ¢
- Sales
- 13.8 TWh10.0% of state sales
- Industrial accounts
- 3,7940.44 per 1,000 residents
- Use per account
- 302,573 kWh/mo3,630,872 a year
- Implied monthly bill
- $27,201+$2,602 against U.S. rate
Data tables
Virginia, industrial: price by year
| Year | Virginia | U.S. | Change | Gap | Ratio |
|---|---|---|---|---|---|
| 2015 | 6.95 | 6.91 | No data | +0.04 | 1.006 |
| 2016 | 6.56 | 6.76 | -5.6% | -0.20 | 0.970 |
| 2017 | 6.51 | 6.88 | -0.8% | -0.37 | 0.946 |
| 2018 | 6.86 | 6.92 | +5.4% | -0.06 | 0.991 |
| 2019 | 6.85 | 6.81 | -0.1% | +0.04 | 1.006 |
| 2020 | 6.28 | 6.67 | -8.3% | -0.39 | 0.942 |
| 2021 | 6.49 | 7.18 | +3.3% | -0.69 | 0.904 |
| 2022 | 7.99 | 8.32 | +23.1% | -0.33 | 0.960 |
| 2023 | 8.92 | 8.04 | +11.6% | +0.88 | 1.109 |
| 2024 | 8.99 | 8.13 | +0.8% | +0.86 | 1.106 |
Virginia industrial: cost by use
| Monthly kWh | Virginia cost a month | Gap to U.S. rate in Virginia |
|---|---|---|
| 75,640 (0.25x the Virginia account) | $6,800.04 | +$650.50 |
| 151,290 (0.5x the Virginia account) | $13,600.97 | +$1,301.09 |
| 302,570 (1x the Virginia account) | $27,201.04 | +$2,602.10 |
| 453,860 (1.5x the Virginia account) | $40,802.01 | +$3,903.20 |
| 605,150 (2x the Virginia account) | $54,402.99 | +$5,204.29 |
| 1,210,290 (4x the Virginia account) | $108,805.07 | +$10,408.49 |
Virginia: the three sectors measured against industrial
| Sector | Virginia price ¢/kWh | Price vs industrial | Virginia kWh per account a month | Use vs industrial | Virginia revenue share | Virginia kWh share |
|---|---|---|---|---|---|---|
| Residential | 14.41 | 1.60x | 1,032 | 0.00x | 44.6% | 32.9% |
| Commercial | 8.72 | 0.97x | 14,715 | 0.05x | 46.9% | 57.1% |
| Industrial (this page) | 8.99 | 1.00x | 302,573 | 1.00x | 8.5% | 10.0% |
Questions on Virginia industrial
How much per kWh do Virginia industrial customers pay: 8.99 cents on average?
8.99 cents in 2024, +10.6% against the U.S. rate.
Is Virginia cheap or costly for industrial power?
15th of 51, with 36 places charging less.
What is the nine-year price trend for Virginia industrial power?
6.95 to 8.99 cents: +29.4% in total, +2.9% a year.
What is a typical monthly industrial bill in Virginia?
302,573 kWh at 8.99 cents, price times use, comes to $27,201.
How many industrial electricity accounts does Virginia have?
3,794 accounts, or 0.44 per 1,000 residents.
When were Virginia industrial prices highest since 2015?
2024 at 8.99 cents; the low was 6.28 cents in 2020.
What did Virginia industrial electricity cost in 2025?
Virginia averaged 9.45 cents per kWh, +5.1% against 8.99 in 2024, and 16 of 51 among states.
Are Virginia industrial electricity prices rising in 2026?
Virginia is +3.0 points against the U.S.: 10.08 cents from January to July 2026, +8.9% on 2025.
When in 2025 did Virginia industrial power cost most, October or March?
October at 10.31 cents in Virginia; March was the lowest at 8.95, a 15% spread.
Does Virginia industrial power cost more than the national average in 2026?
1.05 cents above the national average; Virginia 10.08 cents over January to July 2026, +8.9% on 2025.
More on Virginia industrial
- Virginia state hub17 utilities, 474 accounts per 1,000
- Virginia residential rates14.41 ¢, rank 29 of 51
- Virginia commercial rates8.72 ¢, rank 48 of 51