Kentucky electricity prices, July 2024
- Month
- July 2024, final
- File
- Form EIA-861M
- Price among 51
- 46th from the highest
The average residential price in Kentucky was 12.45 cents per kilowatt-hour (kWh) in July 2024. Final
In July 2023, the price was 12.51 cents per kWh. The July 2024 price was 0.06 cents per kWh lower than the July 2023 price.
The US average was 16.62 cents per kWh in July 2024. In July 2024, Kentucky had the 46th highest average residential price among the 50 states and the District of Columbia.
The average bill of a residential customer for the month was $168.14, for 1,350 kWh. A bill for one month changes with the season.
EIA marks this month as final. EIA adjusted the months of this year to the final Form EIA-861 data.
Average price of electricity to ultimate consumers represents the cost per unit of electricity sold and is calculated by dividing electric revenue from ultimate consumers by the corresponding sales of electricity.
The average price of electricity to ultimate consumers reported in this publication by sector represents a weighted average of consumer revenue and sales, and does not equal the per kWh rate charged by the electric power industry participant to the individual consumers.
EIA's words. Source: U.S. Energy Information Administration, Electric Power Monthly, Technical notes, section "Form EIA-861" (March 2024). "This publication" is the Electric Power Monthly.
In plain words: the average price is revenue divided by sales. It is not the rate on a rate schedule. The figures on this page are EIA's own state averages. Monthly data through .
Average price by sector
Cents per kWh
| Sector | Jul 2024 cents per kWh | Jul 2023 cents per kWh | Change percent | US, Jul 2024 cents per kWh |
|---|---|---|---|---|
| Residential | 12.45 | 12.51 | -0.5% | 16.62 |
| Commercial | 11.11 | 11.11 | 0.0% | 13.37 |
| Industrial | 6.57 | 6.54 | +0.5% | 8.73 |
| All sectors | 10.11 | 10.07 | +0.4% | 13.63 |
Sales, customers and bill
Residential, unless the row says all sectors
| Figure | Jul 2024 | Jul 2023 | Change percent |
|---|---|---|---|
| Residential sales | 2.8 TWh | 2.6 TWh | +7.6% |
| Sales, all sectors | 7.2 TWh | 6.8 TWh | +5.1% |
| Residential customers | 2,078,656 | 2,056,861 | +1.1% |
| Average residential bill (dollars in the month) | $168.14 | $158.62 | +6.0% |
| Average residential use (kWh in the month) | 1,350 | 1,268 | +6.5% |
| US residential price (cents per kWh) | 16.62 | 15.86 | +4.8% |
The 25 months to July 2024
Form EIA-861M
Kentucky, residentialUS, residential
Where the figures come from
Source: U.S. Energy Information Administration, Form EIA-861M sales and revenue workbook (state by sector and month). EIA status of this month: final. The series runs through July 2026. The average price is revenue divided by sales. The average bill is residential revenue divided by residential customers. The annual figures of each utility are on the Kentucky page.
Questions about July 2024 in Kentucky
- What did businesses pay for electricity in Kentucky in July 2024?
- The average commercial price was 11.11 cents per kWh. The average industrial price was 6.57 cents per kWh. The average for all sectors was 10.11 cents per kWh.
- How much electricity did residential customers in Kentucky buy in July 2024?
- Residential customers bought 2.8 TWh of electricity in July 2024. One TWh is 1,000,000,000 kWh. The quantity was 7.6% higher than the quantity in July 2023.
- How many residential customers did Kentucky have in July 2024?
- Kentucky had 2,078,656 residential customers in July 2024. The number was 1.1% higher than the number in July 2023. A customer is one account or one meter, not one person.