West Virginia industrial electricity rates

Analyst note

The West Virginia industrial price sat above the U.S. average in 0 of 10 years; the gap was -0.82 ¢ in 2015 and -0.32 ¢ in 2024. In the 2024 ranking West Virginia sits between Utah (7.86 ¢) one place above and North Carolina (7.77 ¢) one place below; the top of the list is 26.32 ¢ away and the bottom 2.38 ¢. West Virginia was 40th in 2015 with 6.09 ¢ and is 31st now; a rise in the table. West Virginia industrial prices rose in 6 of 9 years. The largest rise was +11.0% in 2022, and the largest fall -5.9% in 2019. The West Virginia price peaked at 7.81 ¢ in 2024 and bottomed at 6.02 ¢ in 2019; 2024 is the peak and +29.7% from the low. Compounded, that is +2.80% a year in West Virginia, +0.98 points against the U.S. West Virginia buys 1.42% of all U.S. industrial electricity with 0.99% of the accounts, so the average West Virginia account uses 1.44 times the national average.

A middle price: 7.81 ¢/kWh for West Virginia industrial accounts, rank 31 of 51, -3.9% against the U.S. West Virginia: +28.2% over nine years, or +2.8% a year, beating the national +17.7% by 10.6 points; 2022 was the biggest single move (+11.0%) and 2024 the high.

Last year's change in West Virginia was +7.9% and still rising. Against the residential price of 15.07 ¢ the gap is 7.26 ¢. Industrial sales are 44.4% of West Virginia electricity sold, and an average West Virginia account used 110,942 kWh a month, an implied bill near $8,665.

Counting revenue instead of kWh, West Virginia industrial accounts bring in 31.4% of West Virginia sector revenue on 44.4% of the kWh, a discount of 13.0 points that comes from the price level: 7.81 ¢ here against 15.07 ¢ for residential and 11.62 ¢ for commercial accounts. The average West Virginia industrial account uses 110,942 kWh a month, 25 of 51 among states on that measure; a residential account uses 0.01 times as much and a commercial account 0.04 times. Industrial accounts are 1.07% of the 1,029,473 accounts in West Virginia.