HAWAII is officially the most expensive place to heat a house, with new analysis of government data revealing consumers in the state are paying the highest national price for residential electricity.
While residents are paying almost 34 cents for electricity, the Aloha State is followed closely by Connecticut and Alaska where consumers are paying 21.1 and 20.53 per kilowatt hour respectively.
Payless Power CEO Brandon Young says the cost of energy is influencing where people decide to live[/caption]
Hawaii is officially the most expensive place to use electricity according to new research[/caption]
Experts say consumers may want to consider moving to a different state where power is cheaper[/caption]
As the temperatures plummet across the country, The U.S. Sun can exclusively reveal the most expensive place for electricity.
According to analysis of US Energy Information Administration data conducted by Payless Power, Massachusetts has seen the highest increase in residential electricity costs since 2010 jumping a whopping 101.5%.
In comparison, New Jersey saw the smallest increase with costs rising just 7% making it one of the most stable states for energy pricing.
New Hampshire is the next most expensive, followed by Rhode Island, New York, California, Vermont and Maine.
By contrast, Washington residents have enjoyed the cheapest electricity costs.
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Experts say the state’s diverse climate and geography – including rivers, mountains and sunny plains – have contributed to its low energy prices.
Washington locals are paying just over 9 cents for their electricity on average.
Payless Power CEO Brandon Young exclusively told The U.S. Sun that soaring energy costs are influencing where people are choosing to live.
“While Washington provides year-round price stability, our data show that Massachusetts has shown the sharpest increase in electric costs since 2010,” Young told The U.S. Sun.
“Indeed, for many, the difference in electricity costs between states has become a deciding factor when considering a relocation.”
The other states which enjoy cheap electricity include Idaho (9.65 cents), North Dakota (9.85 cents), Louisiana (9.88 cents) and Arkansas (10.13 cents).
These cheap states are followed by Oklahoma (10.37 cents), Nebraska (10.47 cents), Kentucky (10.56 cents), Tennessee (10.64 cents) and Wyoming (10.65 cents).
While energy costs very dramatically by state, they also fluctuate throughout the year.
Across a period of 10 years, the peak body found May and September consistently recorded the highest average residential costs in the US.
January was the least expensive month on average, costing about 12.45 cents per kilo watt hour.
The difference in electricity costs between states has become a deciding factor when considering a relocation.
Brandon Young
Missouri, North Dakota and Iowa experienced the most significant variability in electricity costs, with energy experts advising residents to budget for potential spikes during extreme weather months.
By contract, Florida, Washington and Texas showed the least variability.
Renewable energy offers also cheaper form of energy than traditional forms of power generation, according to experts.
In 2023, about 29% of all energy produced in the US were from renewable energy sources.
Vermont now produces 100% of its energy from renewable sources, followed by California.
Young said consumers should consider how energy prices fluctuate throughout the year.
“States like Missouri and Iowa have seen significant seasonal variability, meaning energy costs can spike during extreme winter months,” Young told The U.S. Sun.
“On the other hand, Florida and Texas offer more predictable, year-round energy prices, a huge advantage for budgeting and financial planning.”
Tetra CEO and energy expert Max Veggeberg told The U.S. Sun there are several factors which influence energy generation, including how states produce power, capital costs and the maintenance of both grid infrastructure and energy systems.
These costs are bundled into the price consumers pay for energy.
For example, Massachusetts has some of the highest energy rates because it imports much of its energy and has an aging grid which requires significant maintenance to meet growing demand.
In comparison, Texas generates most of its energy within state lines, leading to lower costs.
