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electricity prices

EPRINC Interactive Chart: US Residential Electricity Price Y-O-Y Growth, Cents/kWh

Residential electricity prices went up in most states between August 2024 and August 2025, but the size of the increase was very different across the country. Some of the biggest jumps were in the Northeast and Mid Atlantic. Maine rose by 4.48 cents per kilowatt-hour, New Jersey rose by 4.33 cents, and the District of Columbia rose by 5.79 cents. Other large states, including New York, Massachusetts, Pennsylvania, Illinois, and Florida, had moderate increases of around 1 to 2.5 cents.

Many states in the South, Midwest, and Mountain West saw only small changes of less than 1 cent. A few states even saw prices go down. Rhode Island fell by 0.31 cents, Nevada fell by 1.15 cents, and Hawaii fell by 3.36 cents. These differences show that each state’s electricity prices depend on many local factors, such as fuel costs, rules set by state regulators, new investments, and local demand.

Residential electricity prices went up in most states between August 2024 and August 2025, but the size of the increase was very different across the country.

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Diana Furchtgott-Roth

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Diana Furchtgott-Roth, an Oxford-educated economist, is a Distinguished Fellow at the Energy Policy Research Foundation. In President Trump’s first term, Diana served as Deputy Assistant Secretary for Research and Technology at the U.S. Department of Transportation and Acting Assistant Secretary for Economic Policy at the U.S. Department of Treasury. Diana served in the White House under President Reagan, President George H.W. Bush, and President George W. Bush. Diana is the author or coauthor of six books on economic policy and hundreds of articles. She is a frequent guest on TV and radio shows and writes regularly for the UK’s Daily Telegraph.

Dominick Blue

Distinguished Fellow

Dominick Blue is a Distinguished Fellow at the Energy Policy Research Foundation (EPRINC), where his research focuses on energy resilience, reliability, and the secure integration of emerging technologies into the power sector. His current work examines the intersection of advanced computing, infrastructure planning, and national energy security.
Dominick’s research portfolio includes analysis of AI and data center electricity demand-forecasting regional load growth, reliability implications, siting dynamics, and market coordination. He also leads studies on grid modernization and energy security, assessing resilience investments, interconnection constraints, and federal–state coordination under higher load scenarios. His additional work explores the revival of the U.S. nuclear sector, financing and licensing pathways for advanced reactors, and rebuilding domestic manufacturing capacity to support the nuclear supply chain.
Further research areas include gas-to-power infrastructure, pipeline and turbine capacity, and the role of gas in maintaining reliability within a diversified generation mix. Across these topics, Dominick focuses on translating complex technical findings into accessible policy insights for decision-makers at DOE, FERC, and state regulatory agencies.
Before joining EPRINC, Dominick held senior leadership roles in infrastructure, technology, and risk management, including Managing Partner and Director of Client Innovation for private investment and global critical infrastructure firms, respectively. A former U.S. Marine Corps Chief Warrant Officer Two in CBRN Defense, he brings a mission-driven perspective to energy resilience and safety. He holds a Masters of Business from the University of Southern California and has completed graduate studies in Computer Science at Georgia Tech, with research interests in AI systems, resilient infrastructure, and energy transition security.