"The nationwide average retail residential price for 1 kilowatt-hour of electricity rose from 16.41 cents to 17.47 cents between May 2024 and May 2025, a gain of about 6.5%."
"Electricity prices vary regionally and have many influences, from basic supply and demand to fuel rates and infrastructure costs."
"Anywhere you're seeing a massive takeoff in load growth, the most likely cause is data centers, and that is almost certainly going to have an impact on electric rates."
"A new IEEFA analysis highlights a dramatic spike in capacity market prices set at auction by PJM largely tied to data centers, like those in Northern Virginia's 'data center alley.'"
The average retail residential price for electricity rose from 16.41 to 17.47 cents per kilowatt-hour from May 2024 to May 2025. Certain states experienced higher increases, such as Maine at 36.3% and Connecticut at 18.4%. Only five states, including Nevada and Hawai'i, saw decreases. Factors influencing these prices include supply and demand, infrastructure costs, and the impact of energy-intensive data centers that create additional demands on energy resources.
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