New ALEC Report Analyzes Electricity Prices Across States
State energy policies can help or hurt Americans’ electricity bills
ARLINGTON, VA – (APRIL 5, 2021) Today, the American Legislative Exchange Council (ALEC) released the first installment of the ALEC Energy Affordability Report, an educational resource to provide a snapshot of electricity prices and energy policies by state. Electricity prices vary greatly across the states by demand sector and generation source. This report explores the differences between state electricity prices, highlighting that they are often linked to economic competitiveness and the variety of policy approaches by the states.
The report ranks all 50 states according to their average electricity prices, beginning with states with lowest electricity prices. The top 10 and bottom 10 states are:
|1. Louisiana||42. Maine|
|2. Oklahoma||43. New York|
|3. Idaho||44. Vermont|
|4. Washington||45. California|
|5. Wyoming||46. New Hampshire|
|6. Arkansas||47. Massachusetts|
|7. Utah||48. Rhode Island|
|8. West Virginia||49. Connecticut|
|9. Texas||50. Alaska|
|10. Kentucky||51. Hawaii|
“When the government inserts itself into markets, taxpayers often foot the bill,” said ALEC Energy, Environment and Agriculture Task Force Manager Carly Good. “Overreaching public policies can lead to higher electricity prices across the country. This report sets the foundation to identify the states that have kept energy prices low for their residents.”
In addition to analyzing state electricity prices, the report compares states in three primary and common energy policies: the presence or absence of a Renewable Portfolio Standard, whether the state is part of the Regional Greenhouse Gas Initiative (RGGI) or another cap-and-trade program and whether it has state-mandated rules for utilities regarding net metering.
The Energy, Environment and Agriculture Task Force operates under the principles of free-market environmentalism to promote the mutually beneficial link between a robust economy and a healthy environment.