Wisconsin industrial electricity rates

Analyst note

The Wisconsin industrial price sat above the U.S. average in 10 of 10 years; the gap was +0.67 ¢ in 2015 and +0.41 ¢ in 2024. In the 2024 ranking Wisconsin sits between Colorado (8.62 ¢) one place above and Florida (8.50 ¢) one place below; the top of the list is 25.59 ¢ away and the bottom 3.11 ¢. Wisconsin was 18th in 2015 with 7.58 ¢ and is 19th now; a fall in the table. Wisconsin industrial prices rose in 3 of 9 years. The largest rise was +11.3% in 2022, and the largest fall -2.1% in 2018. The Wisconsin price peaked at 8.68 ¢ in 2023 and bottomed at 7.29 ¢ in 2020; 2024 is 1.6% below the peak and +17.1% from the low. Compounded, that is +1.33% a year in Wisconsin, -0.49 points against the U.S. Wisconsin buys 2.22% of all U.S. industrial electricity with 0.51% of the accounts, so the average Wisconsin account uses 4.32 times the national average.

A middle price: 8.54 ¢/kWh for Wisconsin industrial accounts, rank 19 of 51, +5.0% against the U.S. Wisconsin: +12.7% over nine years, or +1.3% a year, trailing the national +17.7% by 5.0 points; 2022 was the biggest single move (+11.3%) and 2023 the high.

Last year's change in Wisconsin was -1.6% and falling. Against the residential price of 17.18 ¢ the gap is 8.64 ¢. Industrial sales are 33.6% of Wisconsin electricity sold, and an average Wisconsin account used 333,643 kWh a month, an implied bill near $28,493.

Counting revenue instead of kWh, Wisconsin industrial accounts bring in 22.6% of Wisconsin sector revenue on 33.6% of the kWh, a discount of 11.1 points that comes from the price level: 8.54 ¢ here against 17.18 ¢ for residential and 12.63 ¢ for commercial accounts. The average Wisconsin industrial account uses 333,643 kWh a month, 10 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.02 times. Industrial accounts are 0.18% of the 3,219,046 accounts in Wisconsin.