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We used the report Average Price by State by Provider (EIA-861), and considered the residential price for the total electric industry. This contained data from 1990-20222023. | |
https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_3 | This was used to retrieve 2022 2023 kWh rates by state. |
How is the Default Calculated?
After compiling all the data over the past 30 years, we calculated the % change year-over-year (YOY) by state. We looked at the Average YOY rate change over a 20-year period from 20022003-2022 2023 to come up with the state-by-state defaults listed below.
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State | Default Utility Rate Escalator |
AK | 3.37%58% |
AL | 3.59%51% |
AR | 2.65%74% |
AZ | 2.32%65% |
CA | 34.75%00% |
CO | 32.40%92% |
CT | 45.40%31% |
DC | 3.10%95% |
DE | 23.56%37% |
FL | 23.89%13% |
GA | 3.07%00% |
HI | 65.19%76% |
IA | 2.31%20% |
ID | 23.38%01% |
IL | 3.37%43% |
IN | 3.84%87% |
KS | 32.10%94% |
KY | 43.27%96% |
LA | 32.40%34% |
MA | 45.73%08% |
MD | 34.44%18% |
ME | 34.20%47% |
MI | 34.99%19% |
MN | 3.28%29% |
MO | 23.61%13% |
MS | 23.81%00% |
MT | 2.30%56% |
NC | 12.78%40% |
ND | 2.74%68% |
NE | 2.42%55% |
NH | 4.07%59% |
NJ | 2.49%65% |
NM | 2.52% |
NV | 23.13%40% |
NY | 2.61%37% |
OH | 23.68%25% |
OK | 32.22%61% |
OR | 23.42%01% |
PA | 23.58%33% |
RI | 4.56%90% |
SC | 2.91% |
SD | 2.51%53% |
TN | 3.37%27% |
TX | 2.94%45% |
UT | 2.41%50% |
VA | 23.79%19% |
VT | 2.28%49% |
WA | 2.49%83% |
WI | 3.32%39% |
WV | 34.95%26% |
WY | 2.38%49% |