West Virginia residential electricity rates

Analyst note

The West Virginia residential price sat above the U.S. average in 0 of 10 years; the gap was -2.57 ¢ in 2015 and -1.41 ¢ in 2024. In the 2024 ranking West Virginia sits between Alabama (15.18 ¢) one place above and Nevada (15.00 ¢) one place below; the top of the list is 27.79 ¢ away and the bottom 3.56 ¢. West Virginia was 46th in 2015 with 10.08 ¢ and is 22nd now; a rise in the table. West Virginia residential prices rose in 8 of 9 years. The largest rise was +13.5% in 2016, and the largest fall -3.9% in 2018. The West Virginia price peaked at 15.07 ¢ in 2024 and bottomed at 10.08 ¢ in 2015; 2024 is the peak and +49.5% from the low. Compounded, that is +4.57% a year in West Virginia, +1.59 points against the U.S. West Virginia buys 0.72% of all U.S. residential electricity with 0.61% of the accounts, so the average West Virginia account uses 1.19 times the national average.

A middle price: 15.07 ¢/kWh for West Virginia residential accounts, rank 22 of 51, -8.6% against the U.S. West Virginia: +49.5% over nine years, or +4.6% a year, beating the national +30.3% by 19.2 points; 2016 was the biggest single move (+13.5%) and 2024 the high.

Last year's change in West Virginia was +7.3% and still rising. Against the commercial price of 11.62 ¢ the gap is 3.45 ¢. Residential sales are 32.4% of West Virginia electricity sold, and an average West Virginia account used 1,027 kWh a month, an implied bill near $155.

Counting revenue instead of kWh, West Virginia residential accounts bring in 44.2% of West Virginia sector revenue on 32.4% of the kWh, a premium of 11.8 points that comes from the price level: 15.07 ¢ here against 11.62 ¢ for commercial and 7.81 ¢ for industrial accounts. The average West Virginia residential account uses 1,027 kWh a month, 15 of 51 among states on that measure; a commercial account uses 4.09 times as much and a industrial account 108.06 times. Residential accounts are 84.17% of the 1,029,473 accounts in West Virginia.