- Florida has some of the lowest electricity rates in the United States, with residential power prices ranking fourth among the ten most populated states.
- The difference in energy rates between Florida and states with the highest prices, such as Connecticut and Hawaii, can exceed $300 per month for an average Florida family.
- Florida’s electricity rates remain relatively low compared to other regions, with the state ranking sixth out of nine states in the South Atlantic region for household power rates.
Florida’s electricity rates are among the lowest in the United States, according to data from the Federal Energy Information Administration (EIA).
Florida is fourth among the ten most populated states in the United States in terms of residential power prices, trailing North Carolina, Georgia, and Texas. Notably, several New England states have the highest household energy prices in the continental United States. Connecticut, for example, leads the list with 33.23 cents per kWh, followed by Massachusetts at 32.39 cents and New Hampshire at 30.30 cents.
Given the average Florida family use of roughly 1,500 kWh per month, the difference in energy rates between Florida and Connecticut is more than $300. In comparison to Hawaii, which has the highest power prices in the US at 44.25 cents per kWh, culminating in an average monthly cost of $663, the typical monthly electric bill for a Florida home consuming 1,500 kWh would be around $220.
When comparing household power rates in the South Atlantic region, Florida ranks sixth out of nine states. North Carolina tops the group at 12.97 cents per kWh, followed by Georgia (13.57 cents), West Virginia (14.20 cents), South Carolina (14.26 cents), and Virginia (14.74). Though power rates in Delaware, Maryland, and the District of Columbia are around 1 to 2 cents more than in Florida on average, they remain much lower than in other parts of the country.
Florida is the second-largest generator of power in the United States, after only Texas. Natural gas will power roughly 74 percent of Florida’s total electricity net output in 2021. The residential sector, where over 90 percent of homes use energy for heating and cooling, contributes to the lion’s share of electricity consumption in Florida, accounting for 54 percent of total usage.
In analyzing Florida’s energy profile, EIA data from 2021 displays that total retail sales for megawatt hours was 241.6 million, while direct use megawatt hours was 4.97 million, with a net summer capacity of 64,610 megawatts.