As an energy exporter blessed with abundant supply, North Dakota consistently ranks among the cheapest states in the country when it comes to residential, commercial and industrial electricity rates.
Exploding costs of transmission, the buildout and replacement of transmission infrastructure, and the increase in energy load have helped push residential electricity prices modestly higher in recent years, however.
Average residential rates increased nearly 30% in the state between 2020 and 2024.
Michael Standaert, North Dakota News Cooperative
