Washington industrial electricity rates

Analyst note

The Washington industrial price sat above the U.S. average in 0 of 10 years; the gap was -2.56 ¢ in 2015 and -1.52 ¢ in 2024. In the 2024 ranking Washington sits between Arkansas (6.61 ¢) one place above and Kentucky (6.50 ¢) one place below; the top of the list is 27.52 ¢ away and the bottom 1.18 ¢. Washington was 51st in 2015 with 4.35 ¢ and is 44th now; a rise in the table. Washington industrial prices rose in 9 of 9 years. The largest rise was +14.4% in 2021, and the largest fall +1.8% in 2016. The Washington price peaked at 6.61 ¢ in 2024 and bottomed at 4.35 ¢ in 2015; 2024 is the peak and +52.0% from the low. Compounded, that is +4.76% a year in Washington, +2.94 points against the U.S. Washington buys 1.76% of all U.S. industrial electricity with 2.36% of the accounts, so the average Washington account uses 0.74 times the national average.

A bottom-ten price: 6.61 ¢/kWh for Washington industrial accounts, rank 44 of 51, -18.7% against the U.S. Washington: +52.0% over nine years, or +4.8% a year, beating the national +17.7% by 34.3 points; 2021 was the biggest single move (+14.4%) and 2024 the high.

Last year's change in Washington was +4.1% and still rising. Against the residential price of 11.90 ¢ the gap is 5.29 ¢. Industrial sales are 20.2% of Washington electricity sold, and an average Washington account used 57,354 kWh a month, an implied bill near $3,791.

Counting revenue instead of kWh, Washington industrial accounts bring in 13.2% of Washington sector revenue on 20.2% of the kWh, a discount of 7.0 points that comes from the price level: 6.61 ¢ here against 11.90 ¢ for residential and 9.99 ¢ for commercial accounts. The average Washington industrial account uses 57,354 kWh a month, 36 of 51 among states on that measure; a residential account uses 0.02 times as much and a commercial account 0.12 times. Industrial accounts are 0.69% of the 3,800,676 accounts in Washington.