Electricity price report, March 2024
That tops all 14 earlier monthly readings since January 2023. March 2024 was +3.9% against March 2023 and +3.5% on the month before. Highest: Hawaii at 45.39 cents. Lowest: North Dakota at 10.51. Source: EIA data for March 2024, retrieved 2 Oct 2026.
The year so far: 2024 against 2023
U.S. average 16.67 cents, +3.5% on February 2024. At 717 kWh the energy bill is $120.
12 rows from EIA retail sales, monthly, residential.
CSVBiggest movers in March 2024
North Carolina rose most (+21.1%) and New Hampshire moved least or fell most (-26.3%). 39 of 51 states are above March 2023, and 5 are up more than 10%.
| State | Change vs March 2023 | March 2024 ¢/kWh | March 2023 ¢/kWh |
|---|---|---|---|
| North Carolina | +21.1% | 15.34 | 12.67 |
| Oregon | +17.8% | 14.40 | 12.22 |
| Maryland | +14.0% | 18.07 | 15.85 |
| New York | +11.7% | 23.69 | 21.21 |
| District of Columbia | +10.3% | 17.71 | 16.06 |
| State | Change vs March 2023 | March 2024 ¢/kWh | March 2023 ¢/kWh |
|---|---|---|---|
| New Hampshire | -26.3% | 22.30 | 30.25 |
| Maine | -18.8% | 23.84 | 29.37 |
| Connecticut | -11.9% | 29.12 | 33.06 |
| Indiana | -9.5% | 14.50 | 16.02 |
| Massachusetts | -9.2% | 29.70 | 32.72 |
Where prices changed, March 2024 against March 2023
- -26.3% to +0.0%
- +0.0% to +4.7%
- +4.7% to +6.7%
- +6.7% to +8.9%
- +8.9% to +21.1%
March 2024: darker = bigger rise.
Nine regions in March 2024
New England paid the most at 27.80 cents and West North Central the least at 12.96, sales-weighted from the state series.
| Census division | March 2024 ¢/kWh | vs February 2024 | vs March 2023 |
|---|---|---|---|
| New England | 27.80 | -0.6% | -11.0% |
| Pacific | 23.35 | +2.7% | +8.4% |
| Middle Atlantic | 20.14 | +0.6% | +5.5% |
| East North Central | 16.45 | +2.6% | -0.0% |
| South Atlantic | 14.91 | +1.7% | +5.0% |
| West South Central | 14.15 | +5.0% | +2.9% |
| East South Central | 13.90 | +7.4% | +5.5% |
| Mountain | 13.80 | +1.3% | +5.9% |
| West North Central | 12.96 | +5.7% | +6.9% |
What March 2024 prices mean for your bill
- March 2024: choose a state and kWh.
March 2024: energy only (price times kWh), no fixed charges or taxes.
All 51 states, March 2024
| Alabama | 15.96 | 20 | +5.8% | +8.8% | 855 | $136 |
|---|---|---|---|---|---|---|
| Alaska | 24.84 | 6 | +8.0% | +5.9% | 639 | $159 |
| Arizona | 14.88 | 25 | +3.3% | +9.3% | 688 | $102 |
| Arkansas | 12.92 | 39 | +8.2% | +5.8% | 808 | $104 |
| California | 32.46 | 2 | +3.3% | +6.8% | 418 | $136 |
| Colorado | 14.41 | 31 | -0.5% | +4.4% | 598 | $86 |
| Connecticut | 29.12 | 5 | -1.3% | -11.9% | 634 | $185 |
| Delaware | 16.70 | 18 | +5.5% | +8.9% | 942 | $157 |
| District of Columbia | 17.71 | 15 | +3.3% | +10.3% | 557 | $99 |
| Florida | 14.65 | 27 | -3.9% | 0.0% | 871 | $128 |
| Georgia | 13.49 | 36 | +4.4% | 0.0% | 819 | $110 |
| Hawaii | 45.39 | 1 | +2.9% | +3.0% | 436 | $198 |
| Idaho | 10.99 | 50 | -1.7% | +9.6% | 979 | $108 |
| Illinois | 15.95 | 21 | +2.2% | -8.2% | 560 | $89 |
| Indiana | 14.50 | 30 | +3.1% | -9.5% | 779 | $113 |
| Iowa | 12.77 | 40 | +5.8% | +6.5% | 776 | $99 |
| Kansas | 14.07 | 35 | +3.5% | +2.6% | 641 | $90 |
| Kentucky | 12.99 | 37 | +4.2% | +5.8% | 903 | $117 |
| Louisiana | 12.52 | 41 | +9.9% | +5.5% | 838 | $105 |
| Maine | 23.84 | 7 | -3.9% | -18.8% | 584 | $139 |
| Maryland | 18.07 | 12 | +2.8% | +14.0% | 844 | $153 |
| Massachusetts | 29.70 | 4 | +1.3% | -9.2% | 563 | $167 |
| Michigan | 18.85 | 11 | +0.7% | +3.4% | 568 | $107 |
| Minnesota | 14.88 | 26 | +2.1% | +6.7% | 700 | $104 |
| Mississippi | 14.16 | 33 | +7.7% | +2.6% | 849 | $120 |
| Missouri | 12.40 | 42 | +10.0% | +8.2% | 821 | $102 |
| Montana | 12.20 | 43 | +2.1% | +0.6% | 934 | $114 |
| Nebraska | 11.34 | 49 | +8.3% | +8.2% | 868 | $98 |
| Nevada | 16.81 | 17 | +0.7% | -1.8% | 589 | $99 |
| New Hampshire | 22.30 | 9 | -5.3% | -26.3% | 599 | $134 |
| New Jersey | 18.01 | 13 | +2.0% | +5.2% | 490 | $88 |
| New Mexico | 14.15 | 34 | +3.1% | +8.4% | 507 | $72 |
| New York | 23.69 | 8 | -2.5% | +11.7% | 508 | $120 |
| North Carolina | 15.34 | 22 | +3.1% | +21.1% | 805 | $123 |
| North Dakota | 10.51 | 51 | -0.2% | +7.8% | 1,199 | $126 |
| Ohio | 16.20 | 19 | +3.4% | +8.8% | 738 | $120 |
| Oklahoma | 11.60 | 47 | +4.6% | -0.9% | 794 | $92 |
| Oregon | 14.40 | 32 | +0.6% | +17.8% | 951 | $137 |
| Pennsylvania | 17.97 | 14 | +4.1% | -0.9% | 787 | $141 |
| Rhode Island | 30.47 | 3 | -2.2% | +9.2% | 497 | $151 |
| South Carolina | 14.56 | 28 | +4.4% | +5.3% | 795 | $116 |
| South Dakota | 12.13 | 44 | +1.9% | +6.3% | 1,040 | $126 |
| Tennessee | 12.98 | 38 | +9.9% | +4.7% | 965 | $125 |
| Texas | 15.02 | 24 | +3.7% | +2.8% | 762 | $114 |
| Utah | 11.48 | 48 | -0.3% | +5.7% | 650 | $75 |
| Vermont | 21.56 | 10 | +2.4% | +5.8% | 588 | $127 |
| Virginia | 14.54 | 29 | +5.4% | -0.9% | 919 | $134 |
| Washington | 11.70 | 45 | +2.8% | +8.4% | 1,094 | $128 |
| West Virginia | 15.29 | 23 | +9.6% | +7.4% | 997 | $153 |
| Wisconsin | 17.01 | 16 | +0.2% | +3.3% | 611 | $104 |
| Wyoming | 11.65 | 46 | +0.8% | +9.1% | 973 | $113 |
Sources
| Source | Data period | Retrieved | Used for |
|---|---|---|---|
| EIA retail sales, March 2024 | March 2024 | 1 Oct 2026 | March 2024 prices, sales, accounts |
March 2024 price = revenue over kWh for homes. Data sources.
Keep going
February 2024 | April 2024 | All monthly reports
March in other years: March 2026, March 2023, March 2025.
Questions
What was the average U.S. electricity price in March 2024?
16.67 cents per kWh for homes.
Which state had the highest electricity price in March 2024?
Hawaii at 45.39 cents per kWh; the lowest was North Dakota at 10.51.
How did prices change from March 2023?
The U.S. average moved +3.9%, from 16.04 to 16.67 cents. 39 of 51 states were higher.
Which state's price rose most in March 2024?
North Carolina: +21.1% against March 2023, to 15.34 cents.
Which state's price fell most or rose least in March 2024?
New Hampshire: -26.3% against March 2023, at 22.30 cents.
What did a typical home pay in March 2024?
About $120 for 717 kWh at 16.67 cents, energy only.
What is the median state price in March 2024?
14.88 cents across 51 states, against 16.67 cents for the U.S.
Why does March 2024 differ from the annual price?
March 2024 follows the season; the 2025 annual average was 17.30 cents.
Are the March 2024 numbers final?
EIA can revise March 2024; we retrieved it on 2 Oct 2026.