Electricity Prices in Phoenix by Year, 2018–2024
A kilowatt-hour of electricity in the Phoenix area cost $0.131 in January 2018 and $0.158 in Dec 2024, up 21%. Overall U.S. prices rose 35% over the same time, so after inflation it actually got cheaper.
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Phoenix U.S. average
Electricity price history in Phoenix
Phoenix area, per kilowatt-hour. "In Aug 2026 dollars" adjusts each price for inflation with the national CPI.
| Year | Phoenix | In Aug 2026 dollars | U.S. average |
|---|---|---|---|
| Dec 2024 | $0.158 | $0.16 | $0.196 Aug 2026 |
| Jan 2024 | $0.148 | $0.16 | $0.173 |
| Jan 2023 | $0.136 | $0.15 | $0.168 |
| Jan 2022 | $0.138 | $0.16 | $0.147 |
| Jan 2021 | $0.124 | $0.16 | $0.136 |
| Jan 2020 | $0.123 | $0.16 | $0.134 |
| Jan 2019 | $0.128 | $0.17 | $0.135 |
| Jan 2018 | $0.131 | $0.18 | $0.135 |
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Source
U.S. Bureau of Labor Statistics, Average Price Data, series APUS48A72610 (via FRED). Prices are January averages for urban areas; the newest row is the latest month published. Inflation adjustment: BLS CPI-U, all items (FRED CPIAUCNS).
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