What the figures mean
Wholesale price (LMP)
The market price of electricity at a place on the grid: set the day before for each hour of the next day in the day-ahead market, and every few minutes as the power flows in real time.
Basis
How far a location's price sits above or below its market's reference hub on average; a negative basis means power sells for less there.
Negative-price hours
The share of hours priced below zero, when there is more power nearby than the grid can carry away; a generator earns less, a battery or a flexible load can be paid to use power.
Daily spread
The average gap between each day's four highest and four lowest hourly prices: a rough ceiling on what a four-hour battery could earn moving energy, before losses.

Hubs and zones

37 hubs and zones

Hub and zone prices, sorted by average day-ahead price, largest first.
Hub or zone. Sort by name, A to Z Day-ahead average, sorted descending. Sort by average day-ahead price, smallest first Real-time average. Sort by average real-time price, largest first Last 30 days. Sort by last 30 days' average, largest first Basis to reference hub. Sort by basis to the reference hub, largest first Negative-price hours. Sort by share of negative-price hours, largest first Daily spread (top 4 − bottom 4). Sort by daily top-4 minus bottom-4 spread, largest firstLatest real-time. Sort by latest real-time price, largest first Window
NYISO Zone J, New York City NYISO · Zone day-ahead $72.57 real-time $67.57 last 30 days $42.99 basis — 0.0% negative spread $49.82 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone K, Long Island NYISO · Zone day-ahead $72.26 real-time $69.44 last 30 days $44.19 basis — 0.0% negative spread $54.79 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone I, Dunwoodie NYISO · Zone day-ahead $72.21 real-time $67.09 last 30 days $42.28 basis — 0.0% negative spread $49.67 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone H, Millwood NYISO · Zone day-ahead $71.86 real-time $66.79 last 30 days $42.39 basis — 0.0% negative spread $49.26 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone G, Hudson Valley NYISO · Zone day-ahead $71.18 real-time $66.19 last 30 days $41.42 basis — 0.0% negative spread $48.26 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone F, Capital NYISO · Zone day-ahead $70.21 real-time $66.05 last 30 days $41.05 basis — 0.0% negative spread $46.25 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone E, Mohawk Valley NYISO · Zone day-ahead $68.93 real-time $64.47 last 30 days $40.04 basis — 0.0% negative spread $45.88 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone D, North NYISO · Zone day-ahead $66.86 real-time $62.86 last 30 days $38.17 basis — 0.0% negative spread $43.42 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone C, Central NYISO · Zone day-ahead $65.95 real-time $62.16 last 30 days $38.86 basis — 0.0% negative spread $44.00 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone B, Genesee NYISO · Zone day-ahead $62.58 real-time $58.44 last 30 days $37.77 basis — 0.0% negative spread $40.67 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
NYISO Zone A, West NYISO · Zone day-ahead $59.54 real-time $53.86 last 30 days $37.07 basis — 0.0% negative spread $37.74 not published Nov 9, 2025 – Nov 8, 2026 · 8,760 hours
CAISO PG&E default load aggregation point CAISO · Zone day-ahead $50.31 (28 days) real-time $51.14 last 30 days $50.31 basis +$8.57 0.0% negative spread $23.12 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
CAISO SDG&E default load aggregation point CAISO · Zone day-ahead $47.85 (28 days) real-time $44.25 last 30 days $47.85 basis +$6.10 0.0% negative spread $34.72 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
CAISO NP15 trading hub CAISO · Hub day-ahead $47.69 (28 days) real-time $48.86 last 30 days $47.69 basis +$5.95 0.0% negative spread $24.37 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
CAISO SCE default load aggregation point CAISO · Zone day-ahead $45.08 (28 days) real-time $45.00 last 30 days $45.08 basis +$3.34 0.0% negative spread $34.30 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
CAISO ZP26 trading hub CAISO · Hub day-ahead $42.69 (28 days) real-time $43.05 last 30 days $42.69 basis +$0.95 0.1% negative spread $36.35 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
CAISO SP15 trading hub CAISO · Hub day-ahead $41.74 (28 days) real-time $41.06 last 30 days $41.74 basis reference 0.0% negative spread $36.12 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
CAISO Valley Electric default load aggregation point CAISO · Zone day-ahead $40.70 (28 days) real-time $40.52 last 30 days $40.70 basis −$1.04 0.4% negative spread $38.88 not published Oct 12, 2026 – Nov 8, 2026 · 673 hours
ERCOT CPS Energy load zone ERCOT · Zone day-ahead $38.99 real-time $35.48 last 30 days $36.84 basis +$4.11 0.3% negative spread $53.59 latest $26.76 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT Austin Energy load zone ERCOT · Zone day-ahead $38.98 real-time $35.62 last 30 days $39.24 basis +$4.10 0.4% negative spread $49.91 latest $26.00 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT LCRA load zone ERCOT · Zone day-ahead $38.62 real-time $35.75 last 30 days $38.39 basis +$3.75 0.4% negative spread $50.55 latest $26.24 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT West load zone ERCOT · Zone day-ahead $37.33 real-time $35.43 last 30 days $37.64 basis +$2.46 6.2% negative spread $60.21 latest $26.62 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT Rayburn load zone ERCOT · Zone day-ahead $36.12 real-time $34.38 last 30 days $32.22 basis +$1.24 0.7% negative spread $50.71 latest $24.77 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT Houston load zone ERCOT · Zone day-ahead $36.06 real-time $34.28 last 30 days $37.10 basis +$1.18 0.0% negative spread $42.56 latest $26.14 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT North load zone ERCOT · Zone day-ahead $35.83 real-time $34.27 last 30 days $32.27 basis +$0.95 0.8% negative spread $50.91 latest $24.78 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT Houston Hub ERCOT · Hub day-ahead $35.71 real-time $33.52 last 30 days $36.00 basis +$0.83 0.0% negative spread $42.75 latest $24.80 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT South load zone ERCOT · Zone day-ahead $34.97 real-time $34.53 last 30 days $39.22 basis +$0.09 0.7% negative spread $41.61 latest $27.49 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT North Hub ERCOT · Hub day-ahead $34.88 real-time $32.94 last 30 days $31.42 basis reference 0.7% negative spread $48.84 latest $24.76 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT Hub Bus Average ERCOT · Hub day-ahead $34.79 real-time $32.82 last 30 days $33.29 basis −$0.08 0.5% negative spread $47.00 latest $25.15 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT South Hub ERCOT · Hub day-ahead $34.78 real-time $32.99 last 30 days $36.01 basis −$0.10 0.6% negative spread $43.99 latest $26.44 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT Hub Average ERCOT · Hub day-ahead $34.69 real-time $32.67 last 30 days $34.19 basis −$0.19 0.6% negative spread $46.78 latest $25.30 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
ERCOT West Hub ERCOT · Hub day-ahead $33.40 real-time $31.24 last 30 days $33.33 basis −$1.48 7.6% negative spread $55.72 latest $25.19 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
SPP North Hub SPP · Hub day-ahead $31.53 (47 days) real-time — last 30 days $29.69 basis reference 5.6% negative spread $49.14 latest $34.79 Sep 23, 2026 – Nov 8, 2026 · 1,129 hours
SPP RTO West Hub SPP · Hub day-ahead $30.22 (47 days) real-time — last 30 days $28.11 basis −$1.30 1.9% negative spread $39.77 latest $28.26 Sep 23, 2026 – Nov 8, 2026 · 1,129 hours
ERCOT Panhandle Hub ERCOT · Hub day-ahead $27.81 real-time $25.36 last 30 days $26.07 basis −$7.06 12.8% negative spread $52.03 latest $25.00 Nov 9, 2025 – Nov 8, 2026 · 8,735 hours
SPP South Hub SPP · Hub day-ahead $24.91 (47 days) real-time — last 30 days $20.54 basis −$6.62 12.5% negative spread $48.84 latest $30.57 Sep 23, 2026 – Nov 8, 2026 · 1,129 hours
Great Britain system price GB · Zone day-ahead — real-time £105.73 last 30 days £175.34 basis — 4.0% negative spread £98.28 latest £220.60 Nov 9, 2025 – Nov 8, 2026 · 17,520 intervals

Per MWh, in each market’s currency

Prices

Prices in each market's own currency per megawatt-hour; Great Britain's are in pounds and sort after the dollar markets, never between them. Basis, negative hours, spread and the 30-day figure are day-ahead where the market has a day-ahead price, real-time for Great Britain, and sort on the figure shown. Real-time is each market's own (hover a figure, or see how these figures are worked out). CAISO and NYISO allow derived figures only, so their latest prices are not published here.

Link-out markets

Average retail price by state

Cents per kWh, August 2026

Average retail price

Average revenue per kilowatt-hour that utilities in each state collected from industrial, commercial and residential customers, for August 2026 (the latest month EIA has published) and the twelve months to it. In cents per kWh.

Average revenue per kilowatt-hour sold to each sector: an average, not a tariff, and not what a new large load would pay.

Average retail electricity price by state and sector.
State. Sort by state, A to Z Industrial, latest month, sorted descending. Sort by latest industrial price, smallest first Industrial, 12-month average. Sort by 12-month industrial average, largest first Commercial, latest month. Sort by latest commercial price, largest first Commercial, 12-month average. Sort by 12-month commercial average, largest first Residential, latest month. Sort by latest residential price, largest first Residential, 12-month average. Sort by 12-month residential average, largest first
Hawaii (preliminary) Industrial 39.33¢ 12-month 35.63¢ Commercial 43.55¢ 40.31¢ Residential 47.18¢ 44.27¢
California (preliminary) Industrial 24.12¢ 12-month 21.28¢ Commercial 30.02¢ 27.00¢ Residential 29.75¢ 32.34¢
Alaska (preliminary) Industrial 23.13¢ 12-month 22.50¢ Commercial 23.90¢ 22.79¢ Residential 29.41¢ 26.94¢
Massachusetts (preliminary) Industrial 20.03¢ 12-month 19.54¢ Commercial 24.11¢ 24.17¢ Residential 30.48¢ 30.39¢
Rhode Island (preliminary) Industrial 19.87¢ 12-month 21.51¢ Commercial 23.31¢ 23.60¢ Residential 28.18¢ 29.44¢
District of Columbia (preliminary) Industrial 18.53¢ 12-month 18.97¢ Commercial 23.31¢ 22.92¢ Residential 25.98¢ 24.48¢
New Hampshire (preliminary) Industrial 17.26¢ 12-month 17.64¢ Commercial 20.99¢ 21.12¢ Residential 27.64¢ 26.95¢
New Jersey (preliminary) Industrial 16.24¢ 12-month 14.81¢ Commercial 18.71¢ 17.39¢ Residential 24.61¢ 23.74¢
Connecticut (preliminary) Industrial 16.18¢ 12-month 17.73¢ Commercial 19.29¢ 21.69¢ Residential 24.51¢ 27.42¢
Maine (preliminary) Industrial 14.24¢ 12-month 15.57¢ Commercial 21.33¢ 22.22¢ Residential 32.11¢ 29.60¢
Georgia (preliminary) Industrial 13.05¢ 12-month 8.18¢ Commercial 13.81¢ 11.76¢ Residential 15.90¢ 15.17¢
Vermont (preliminary) Industrial 12.72¢ 12-month 12.77¢ Commercial 20.47¢ 20.78¢ Residential 23.84¢ 23.90¢
Maryland (preliminary) Industrial 12.19¢ 12-month 14.35¢ Commercial 17.00¢ 16.61¢ Residential 21.40¢ 21.18¢
Illinois (preliminary) Industrial 11.33¢ 12-month 10.18¢ Commercial 14.67¢ 13.81¢ Residential 19.32¢ 18.91¢
Wisconsin (preliminary) Industrial 10.88¢ 12-month 9.35¢ Commercial 14.19¢ 13.49¢ Residential 19.41¢ 18.79¢
New York (preliminary) Industrial 10.54¢ 12-month 10.10¢ Commercial 23.06¢ 22.28¢ Residential 28.65¢ 28.60¢
Pennsylvania (preliminary) Industrial 10.47¢ 12-month 10.50¢ Commercial 13.93¢ 13.59¢ Residential 21.77¢ 20.86¢
Delaware (preliminary) Industrial 10.40¢ 12-month 10.87¢ Commercial 14.50¢ 13.61¢ Residential 18.70¢ 17.98¢
Nevada (preliminary) Industrial 10.20¢ 12-month 8.49¢ Commercial 9.80¢ 9.34¢ Residential 12.72¢ 13.45¢
Colorado (preliminary) Industrial 9.98¢ 12-month 9.44¢ Commercial 13.94¢ 13.14¢ Residential 17.17¢ 16.61¢
Virginia (preliminary) Industrial 9.98¢ 12-month 10.01¢ Commercial 11.14¢ 10.98¢ Residential 17.64¢ 16.64¢
Minnesota (preliminary) Industrial 9.96¢ 12-month 9.65¢ Commercial 13.41¢ 12.56¢ Residential 17.20¢ 16.28¢
Missouri (preliminary) Industrial 9.89¢ 12-month 8.56¢ Commercial 12.63¢ 10.91¢ Residential 16.02¢ 13.97¢
Ohio (preliminary) Industrial 9.75¢ 12-month 9.82¢ Commercial 12.31¢ 13.22¢ Residential 19.38¢ 18.41¢
Arizona (preliminary) Industrial 9.73¢ 12-month 7.83¢ Commercial 13.05¢ 12.22¢ Residential 15.05¢ 15.39¢
Idaho (preliminary) Industrial 9.71¢ 12-month 8.13¢ Commercial 10.21¢ 9.62¢ Residential 13.37¢ 12.77¢
South Dakota (preliminary) Industrial 9.43¢ 12-month 9.20¢ Commercial 11.71¢ 11.34¢ Residential 15.15¢ 14.28¢
Iowa (preliminary) Industrial 9.31¢ 12-month 7.43¢ Commercial 14.15¢ 11.28¢ Residential 17.06¢ 14.20¢
Indiana (preliminary) Industrial 9.28¢ 12-month 9.05¢ Commercial 13.29¢ 13.81¢ Residential 17.02¢ 16.90¢
Michigan (preliminary) Industrial 8.99¢ 12-month 9.00¢ Commercial 16.21¢ 15.34¢ Residential 22.99¢ 21.28¢
Florida (preliminary) Industrial 8.93¢ 12-month 9.13¢ Commercial 11.35¢ 11.74¢ Residential 14.99¢ 15.41¢
Wyoming (preliminary) Industrial 8.80¢ 12-month 8.73¢ Commercial 10.27¢ 9.73¢ Residential 14.43¢ 14.01¢
Oregon (preliminary) Industrial 8.75¢ 12-month 8.32¢ Commercial 10.72¢ 10.29¢ Residential 15.92¢ 15.53¢
Utah (preliminary) Industrial 8.56¢ 12-month 8.58¢ Commercial 10.39¢ 10.32¢ Residential 13.31¢ 13.26¢
Kansas (preliminary) Industrial 8.49¢ 12-month 8.27¢ Commercial 12.24¢ 11.60¢ Residential 15.47¢ 15.13¢
Nebraska (preliminary) Industrial 8.37¢ 12-month 8.29¢ Commercial 10.00¢ 8.88¢ Residential 13.54¢ 12.74¢
West Virginia (preliminary) Industrial 8.34¢ 12-month 8.22¢ Commercial 11.65¢ 11.68¢ Residential 16.31¢ 15.53¢
North Carolina (preliminary) Industrial 8.23¢ 12-month 7.89¢ Commercial 10.73¢ 10.57¢ Residential 14.95¢ 14.79¢
Oklahoma (preliminary) Industrial 8.16¢ 12-month 6.66¢ Commercial 10.90¢ 9.30¢ Residential 14.82¢ 13.81¢
North Dakota (preliminary) Industrial 8.12¢ 12-month 7.99¢ Commercial 8.07¢ 7.58¢ Residential 13.31¢ 12.35¢
Alabama (preliminary) Industrial 8.11¢ 12-month 7.86¢ Commercial 14.98¢ 14.77¢ Residential 16.33¢ 16.44¢
Montana (preliminary) Industrial 7.97¢ 12-month 6.95¢ Commercial 13.64¢ 12.67¢ Residential 15.57¢ 13.94¢
South Carolina (preliminary) Industrial 7.88¢ 12-month 7.66¢ Commercial 11.76¢ 11.68¢ Residential 15.76¢ 15.77¢
Arkansas (preliminary) Industrial 7.85¢ 12-month 6.86¢ Commercial 11.73¢ 11.34¢ Residential 14.37¢ 13.57¢
Mississippi (preliminary) Industrial 7.57¢ 12-month 7.55¢ Commercial 13.45¢ 13.77¢ Residential 14.43¢ 14.85¢
Washington (preliminary) Industrial 7.43¢ 12-month 7.15¢ Commercial 11.81¢ 11.65¢ Residential 14.63¢ 14.20¢
Kentucky (preliminary) Industrial 7.37¢ 12-month 7.21¢ Commercial 12.09¢ 12.37¢ Residential 13.80¢ 13.94¢
Texas (preliminary) Industrial 7.21¢ 12-month 6.65¢ Commercial 8.96¢ 8.57¢ Residential 15.91¢ 15.98¢
Tennessee (preliminary) Industrial 6.92¢ 12-month 6.65¢ Commercial 13.13¢ 13.27¢ Residential 13.42¢ 13.61¢
Louisiana (preliminary) Industrial 6.10¢ 12-month 6.35¢ Commercial 11.09¢ 11.50¢ Residential 12.87¢ 13.02¢
New Mexico (preliminary) Industrial 5.08¢ 12-month 5.30¢ Commercial 12.14¢ 10.94¢ Residential 16.51¢ 15.31¢

Source: U.S. Energy Information Administration, Form EIA-861M and Electric Power Monthly, released 2026-10-23.

Sources and credits

For screening, not a forecast

For screening

For screening, not a forecast. Historical averages for screening, not a forecast: a location's past prices are not its future, and a delivered price for a new large load is negotiated.

How these figures are worked out

Windows, averages and sorting

Each statistic covers the trailing twelve months ending with the last complete operating day, or as much of them as the history held here allows; a figure resting on under 90% of the intervals its window should hold is not shown.

  • Averages are the plain mean of every interval in the window (every interval of a market has the same length), not weighted by load. The window is the trailing twelve months to the last complete operating day; where less history is held, the window column says so and a short window is marked in its cell.
  • Day-ahead and real-time are each market's own: ERCOT's real-time prices are 15-minute settlement point prices, SPP's 5-minute (read once an hour), CAISO's the 15-minute pre-dispatch market (RTPD), NYISO's the hourly integrated price, and Great Britain's the half-hourly system (imbalance) price, which has no day-ahead counterpart.
  • Basis is the location's price minus its market's reference hub's, interval by interval, averaged; NYISO has no reference hub here, so it has no basis.
  • Negative-price hours are the share of the window's intervals priced below zero.
  • Daily spread is each complete day's four highest hourly prices less its four lowest (real-time prices averaged to the hour first), averaged over the days.
  • Sorting: the last-30-days, basis, negative and spread columns show the day-ahead figure where a market has one and the real-time one for Great Britain, and sort on what they show. Pound prices sort after dollar prices, never between them.