Wyoming commercial electricity rates

Analyst note

The Wyoming commercial price sat above the U.S. average in 0 of 10 years; the gap was -1.52 ¢ in 2015 and -3.48 ¢ in 2024. In the 2024 ranking Wyoming sits between Utah (9.39 ¢) one place above and Idaho (9.17 ¢) one place below; the top of the list is 28.91 ¢ away and the bottom 2.08 ¢. Wyoming was 36th in 2015 with 9.12 ¢ and is 45th now; a fall in the table. Wyoming commercial prices rose in 6 of 9 years. The largest rise was +3.7% in 2024, and the largest fall -6.4% in 2023. The Wyoming price peaked at 9.70 ¢ in 2017 and bottomed at 8.94 ¢ in 2023; 2024 is 4.4% below the peak and +3.7% from the low. Compounded, that is +0.18% a year in Wyoming, -1.85 points against the U.S. Wyoming buys 0.36% of all U.S. commercial electricity with 0.30% of the accounts, so the average Wyoming account uses 1.20 times the national average.

A bottom-ten price: 9.27 ¢/kWh for Wyoming commercial accounts, rank 45 of 51, -27.3% against the U.S. Wyoming: +1.6% over nine years, or +0.2% a year, trailing the national +19.8% by 18.2 points; 2023 was the biggest single move (-6.4%) and 2017 the high.

Last year's change in Wyoming was +3.7% and still rising. Against the residential price of 12.47 ¢ the gap is 3.20 ¢. Commercial sales are 30.6% of Wyoming electricity sold, and an average Wyoming account used 7,452 kWh a month, an implied bill near $691.

Counting revenue instead of kWh, Wyoming commercial accounts bring in 31.1% of Wyoming sector revenue on 30.6% of the kWh, a premium of 0.4 points that comes from the price level: 9.27 ¢ here against 12.47 ¢ for residential and 7.96 ¢ for industrial accounts. The average Wyoming commercial account uses 7,452 kWh a month, 9 of 51 among states on that measure; a residential account uses 0.12 times as much and an industrial account 8.37 times. Commercial accounts are 16.50% of the 357,453 accounts in Wyoming.