Electricity price report, October 2023
Home prices rose almost everywhere. The U.S. average was 16.48 cents in October 2023, +9.6% against 2022 annual average; only 5 states were lower. Highest: Hawaii at 42.68 cents. Lowest: Utah at 11.23. Source: EIA data for October 2023, retrieved 2 Oct 2026.
Where prices changed, October 2023 against 2022 annual average
- -7.6% to +2.2%
- +2.2% to +5.8%
- +5.8% to +9.7%
- +9.7% to +16.4%
- +16.4% to +29.6%
October 2023: darker = bigger rise.
Price path in 2023
U.S. average 16.48 cents, +1.3% on September 2023. At 728 kWh the energy bill is $120.
10 rows from EIA retail sales, monthly, residential.
CSVBiggest movers in October 2023
Rhode Island rose most (+29.6%) and Louisiana moved least or fell most (-7.6%). 46 of 51 states are above 2022 annual average, and 19 are up more than 10%.
| State | Change vs 2022 annual average | October 2023 ¢/kWh | 2022 annual average ¢/kWh |
|---|---|---|---|
| Rhode Island | +29.6% | 30.08 | 23.21 |
| Maine | +29.5% | 29.06 | 22.44 |
| District of Columbia | +27.2% | 18.03 | 14.18 |
| Delaware | +27.1% | 17.43 | 13.71 |
| Maryland | +27.1% | 18.38 | 14.46 |
Nine regions in October 2023
New England paid the most at 28.06 cents and West North Central the least at 13.22, sales-weighted from the state series.
| Census division | October 2023 ¢/kWh | vs September 2023 | vs 2022 annual average |
|---|---|---|---|
| New England | 28.06 | +2.5% | no data |
| Pacific | 24.27 | -1.4% | no data |
| Middle Atlantic | 19.67 | -2.2% | no data |
| East North Central | 16.52 | +3.3% | no data |
| South Atlantic | 15.00 | +0.9% | no data |
| West South Central | 14.19 | +1.6% | no data |
| Mountain | 13.86 | -3.4% | no data |
| East South Central | 13.48 | +3.9% | no data |
| West North Central | 13.22 | -5.2% | no data |
What October 2023 prices mean for your bill
- October 2023: choose a state and kWh.
October 2023: energy only (price times kWh), no fixed charges or taxes.
All 51 states, October 2023
| Alabama | 15.08 | 23 | +1.3% | +5.8% | 894 | $135 |
|---|---|---|---|---|---|---|
| Alaska | 24.04 | 8 | -2.2% | +4.1% | 541 | $130 |
| Arizona | 14.53 | 27 | +1.0% | +11.6% | 970 | $141 |
| Arkansas | 12.73 | 42 | +0.3% | +5.6% | 879 | $112 |
| California | 31.78 | 2 | +5.9% | +23.0% | 427 | $136 |
| Colorado | 14.50 | 28 | -3.5% | +2.2% | 564 | $82 |
| Connecticut | 29.01 | 5 | -1.0% | +17.9% | 540 | $157 |
| Delaware | 17.43 | 16 | +10.2% | +27.1% | 692 | $121 |
| District of Columbia | 18.03 | 14 | +10.7% | +27.2% | 508 | $92 |
| Florida | 15.45 | 20 | -0.2% | +11.2% | 1,087 | $168 |
| Georgia | 13.69 | 33 | -2.0% | -0.8% | 842 | $115 |
| Hawaii | 42.68 | 1 | +2.8% | -0.8% | 537 | $229 |
| Idaho | 12.07 | 46 | +4.7% | +16.4% | 733 | $88 |
| Illinois | 15.75 | 19 | +7.1% | +0.6% | 551 | $87 |
| Indiana | 15.17 | 22 | +7.6% | +4.0% | 717 | $109 |
| Iowa | 13.46 | 35 | -4.7% | +2.4% | 660 | $89 |
| Kansas | 13.45 | 36 | +1.9% | -3.9% | 696 | $94 |
| Kentucky | 13.17 | 38 | +4.4% | +2.0% | 794 | $105 |
| Louisiana | 11.95 | 47 | +4.6% | -7.6% | 1,150 | $137 |
| Maine | 29.06 | 4 | +8.5% | +29.5% | 463 | $135 |
| Maryland | 18.38 | 13 | +8.4% | +27.1% | 679 | $125 |
| Massachusetts | 28.19 | 6 | +0.0% | +8.5% | 477 | $134 |
| Michigan | 19.20 | 11 | -1.5% | +7.5% | 528 | $101 |
| Minnesota | 15.45 | 21 | +0.1% | +8.4% | 613 | $95 |
| Mississippi | 13.47 | 34 | +4.8% | +8.5% | 1,038 | $140 |
| Missouri | 12.20 | 45 | -13.0% | +3.9% | 775 | $95 |
| Montana | 12.93 | 41 | -1.7% | +14.1% | 661 | $85 |
| Nebraska | 11.67 | 49 | -5.3% | +8.2% | 770 | $90 |
| Nevada | 14.63 | 26 | -13.6% | +6.2% | 685 | $100 |
| New Hampshire | 25.49 | 7 | +9.7% | +0.1% | 497 | $127 |
| New Jersey | 17.46 | 15 | -2.8% | +4.3% | 506 | $88 |
| New Mexico | 14.12 | 31 | -5.1% | +2.0% | 548 | $77 |
| New York | 21.99 | 10 | -5.4% | -0.4% | 494 | $109 |
| North Carolina | 14.40 | 29 | +5.0% | +23.9% | 765 | $110 |
| North Dakota | 11.71 | 48 | -8.7% | +7.2% | 854 | $100 |
| Ohio | 15.89 | 18 | +1.9% | +14.7% | 682 | $108 |
| Oklahoma | 13.04 | 40 | +0.1% | +4.8% | 856 | $112 |
| Oregon | 13.29 | 37 | +0.8% | +16.4% | 749 | $100 |
| Pennsylvania | 18.44 | 12 | +2.3% | +15.7% | 639 | $118 |
| Rhode Island | 30.08 | 3 | +19.0% | +29.6% | 478 | $144 |
| South Carolina | 14.00 | 32 | -0.3% | +3.0% | 814 | $114 |
| South Dakota | 13.05 | 39 | -1.4% | +7.9% | 803 | $105 |
| Tennessee | 12.49 | 43 | +6.0% | +2.0% | 920 | $115 |
| Texas | 14.89 | 25 | +1.4% | +8.2% | 1,061 | $158 |
| Utah | 11.23 | 51 | -5.2% | +3.6% | 609 | $68 |
| Vermont | 22.11 | 9 | +4.2% | +10.9% | 493 | $109 |
| Virginia | 14.16 | 30 | -3.6% | +6.1% | 768 | $109 |
| Washington | 11.33 | 50 | -0.4% | +10.4% | 797 | $90 |
| West Virginia | 15.05 | 24 | +4.9% | +13.8% | 761 | $115 |
| Wisconsin | 17.14 | 17 | -1.6% | +9.7% | 561 | $96 |
| Wyoming | 12.49 | 44 | -1.2% | +12.6% | 691 | $86 |
Sources
| Source | Data period | Retrieved | Used for |
|---|---|---|---|
| EIA retail sales, October 2023 | October 2023 | 1 Oct 2026 | October 2023 prices, sales, accounts |
| EIA retail sales, 2022 average | 2022 | 1 Oct 2026 | Base for October 2023 |
October 2023 price = revenue over kWh for homes. Data sources.
Keep going
September 2023 | November 2023 | All monthly reports
October in other years: October 2025, October 2024.
Questions
What was the average U.S. electricity price in October 2023?
16.48 cents per kWh for homes.
Which state had the highest electricity price in October 2023?
Hawaii at 42.68 cents per kWh; the lowest was Utah at 11.23.
How did prices change from 2022 annual average?
The U.S. average moved +9.6%, from 15.04 to 16.48 cents. 46 of 51 states were higher. For October 2023 the base is the 2022 annual average.
Which state's price rose most in October 2023?
Rhode Island: +29.6% against 2022 annual average, to 30.08 cents.
Which state's price fell most or rose least in October 2023?
Louisiana: -7.6% against 2022 annual average, at 11.95 cents.
What did a typical home pay in October 2023?
About $120 for 728 kWh at 16.48 cents, energy only.
What is the median state price in October 2023?
14.63 cents across 51 states, against 16.48 cents for the U.S.
Why does October 2023 differ from the annual price?
October 2023 follows the season; the 2025 annual average was 17.30 cents.
Are the October 2023 numbers final?
EIA can revise October 2023; we retrieved it on 2 Oct 2026.