Wyoming industrial electricity rates

Analyst note

The Wyoming industrial price sat above the U.S. average in 3 of 10 years; the gap was -0.15 ¢ in 2015 and -0.17 ¢ in 2024. In the 2024 ranking Wyoming sits between Oregon (8.05 ¢) one place above and Arizona (7.90 ¢) one place below; the top of the list is 26.17 ¢ away and the bottom 2.53 ¢. Wyoming was 27th in 2015 with 6.76 ¢ and is 26th now; a rise in the table. Wyoming industrial prices rose in 6 of 9 years. The largest rise was +12.7% in 2024, and the largest fall -3.0% in 2018. The Wyoming price peaked at 7.96 ¢ in 2024 and bottomed at 6.71 ¢ in 2018; 2024 is the peak and +18.6% from the low. Compounded, that is +1.83% a year in Wyoming, +0.01 points against the U.S. Wyoming buys 0.87% of all U.S. industrial electricity with 1.07% of the accounts, so the average Wyoming account uses 0.81 times the national average.

A middle price: 7.96 ¢/kWh for Wyoming industrial accounts, rank 26 of 51, -2.1% against the U.S. Wyoming: +17.8% over nine years, or +1.8% a year, matching the national +17.7% by 0.1 points; 2024 was the biggest single move (+12.7%) and 2024 the high.

Last year's change in Wyoming was +12.7% and still rising. Against the residential price of 12.47 ¢ the gap is 4.51 ¢. Industrial sales are 52.1% of Wyoming electricity sold, and an average Wyoming account used 62,347 kWh a month, an implied bill near $4,963.

Counting revenue instead of kWh, Wyoming industrial accounts bring in 45.4% of Wyoming sector revenue on 52.1% of the kWh, a discount of 6.7 points that comes from the price level: 7.96 ¢ here against 12.47 ¢ for residential and 9.27 ¢ for commercial accounts. The average Wyoming industrial account uses 62,347 kWh a month, 35 of 51 among states on that measure; a residential account uses 0.01 times as much and a commercial account 0.12 times. Industrial accounts are 3.36% of the 357,453 accounts in Wyoming.