Compare Electricity Rates by State | EliteFixtures

Compare electricity rates by state to see which states have the cheapest and most expensive electricity rates. Click here to see the energy rates comparison!

Electricity Rates Comparison across the United States

Compare residential electricity rates by state across the U.S.

Compare commercial electricity rates by state across the U.S.

Alaska and Hawaii have the most expensive residential electricity rates among states.

Alaska and Hawaii have the most expensive commercial electricity rates among states.

Nevada and Tennessee have the cheapest residential electricity rates among states.

Nevada and Virginia have the cheapest commercial electricity rates among states.

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It seems everyone would agree in saying that it’s not a lot of fun when the electricity bill comes in every month. Americans, on average, are spending over $100 a month on their residential electric bills. That’s a pretty decent check to write every month. And then, business owners are of course having to pay their bills. But how much are the rates per state?

At Elite Fixtures, we were interested in finding out the average cost of electricity for both throughout the country for both commercial and residential. By using government data, we were able to take thousands of different rates based on zip codes and find the average cost per state.

Check out some of our findings below:

It wasn’t much of a surprise to see that Hawaii and Alaska came in as the top two most expensive states for electricity for both rates. They’re known for being expensive for most things. What was interesting to see is that Vermont had the third highest rate for commercial and residential. The reasons for their high rates are complicated, but some of it is that New England doesn’t have the fuels needed to generate their own electricity. While Vermont may have high rates, they typically have lower-than-average bills, meaning they don’t use that much energy compared to the rest of the country.

When it came to the lowest rates in the country, Nevada was the cheapest in the country for both commercial and residential electricity. In fact, utility company Nevada Power isn’t planning a residential rate increase for another three years. For now, it seems that many residents will continue to enjoy their low rates.

When looking at other states that had low rates, there were some differences and similarities when comparing commercial or residential. Nevada, Washington, and Oregon were all in the lowest five rates for both commercial and residential. However, some states, like Michigan in particular, has one of the lowest commercial rate and a significantly higher residential rate. Kentucky, on the other hand, had a very low residential rate but a higher commercial rate.

Electricity bills are an expense that while necessary, isn’t an enjoyable one to pay. However, what you pay can vary depending on where you live. States without access to sources of energy often have to pay more in electricity, while states who have it readily available might pay less. As alternative sources of energy continue to grow and become more popular, it will be interesting to see how these rates change in the future.

Popular Comic Books Get Mashed Up With Lamps

At EliteFixtures.com, we think lamps are pretty super. Charged with the power of electricity, they can brighten a room with a single bulb and dispel shadows from the darkest corners. There is nowhere to hide from the Power of the Light! Which got us thinking… what would happen to our favorite comic heroes in a face-to-lamp showdown?

Here’s how we imagined it:

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spiderman_fantasy
wolverine_hulk

Bitcoin Mining Costs Throughout the World

Bitcoin has emerged as a worldwide phenomenon. It has gone from something mostly talked about online and between enthusiasts to being a household name and being covered nonstop by major news outlets. Its value rose to record heights at the end of 2017 before taking a sharp decline in January 2018. However, since then the value has rebounded and the cryptocurrency continues to make headlines.

One thing that people are most interested in is learning about how bitcoin works. Specifically, individuals are curious about the mining process, how that works, and how much they can potentially make from it. Mining is expensive and as more people set up rigs and more coins are mined, it only gets harder and pricier.

Previously, our parent company Crescent Electric Supply Company conducted a study on the cost of mining a bitcoin in every state in the U.S. By using averaged data from three mining rigs and the average electricity cost in each state, they came to some pretty interesting results that showed how the costs can differ greatly depending on where you live.

At EliteFixtures.com, we decided we wanted to expand on this study. So, we went worldwide. We looked at the cost to mine one bitcoin in 115 different countries based on average electricity rates according to government data, utility company data, and/or world reports from IEA, EIA, OANDA, etc. For the mining rigs, we used the AntMiner S9, the AntMiner S7, and the Avalon 6. We were able to calculate the numbers on how many days it would take to mine one coin and how much power that would use. Based on the mining difficulty when this study was finalized in early January 2018, the AntMiner S9 would use 17,773.344 kilowatts and take 548.56 days to mine a coin. The Hard Money Property team who specialize in real estate explains that the S7 would use 45,889.008 kilowatts and take 1580.2 days, and the Avalon 6 would use 55,294.344 kilowatts and take 2194.22 days for a single coin.

Here’s what we found once we crunched the numbers:

Table of Bitcoin mining costs by country around the world
Bitcoin mining costs by country around the world

South Korea comes in as the most expensive country for mining a single coin at $26,170. From there, Niue, Bahrain, the Solomon Island, and the Cook Islands round out the top five, respectively. On the flipside, Venezuela came in as the cheapest nation at $531. Their electricity rates are heavily subsidized by the government, leading to incredibly low prices. Trinidad and Tobago, Uzbekistan, Ukraine, and Myanmar round out the rest of the five least expensive nations.

The United States came in as the 41st cheapest country for mining at $4,758. Russia, a major mining hub, was just a little below the U.S. at $4,675. China came in as the 17th cheapest nation at $3,172.

Our findings show that where you where you live in the world can greatly impact bitcoin mining costs which is why many miners will utilize a virtual private network. And naturally, how much it costs changes how much you can profit. Before mining, it’s probably worth it to check with your local utility company to see exactly how much you pay for electricity. Otherwise, have fun mining!

Map of Bitcoin mining costs by country around the world
Map of Bitcoin mining costs by country around the world