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Iowa Electricity Prices

Average retail price by sector. Latest data: May 2026.

Residential

14.14¢ /kWh

▼ 0.1%vs. last year

Commercial

10.58¢ /kWh

▼ 0.3%vs. last year

Industrial

6.62¢ /kWh

▲ 0.3%vs. last year

Average monthly bill

Full bill breakdown →

$119per month▲ 5.3% vs. the year before

13.99¢/kWh × 850 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to May 2026 — the 43rd highest among the 50 states and DC.

Compared with the U.S. and neighboring states

Average monthly residential electricity bill, in US dollars
Iowa		$119
U.S. average		$155
Missouri		$145
South Dakota		$138
Illinois		$132
Wisconsin		$123
Nebraska		$121
Minnesota		$119

Iowa is $37 a month below (-23.5%) the U.S. average of $155. Average monthly bill, June 2025 – May 2026.

How Iowa makes its electricity

Fuel mix & 10-year trend →Power plants →

Renewable

61.5%

Carbon-free

61.5%

Largest source

Wind 58%

27%

58%

Iowa electricity generation by source, June 2025 – May 2026
Source	Share	Generation
Natural gas	11.4%	8,568 GWh
Coal	26.9%	20,193 GWh
Nuclear	0.0%	0 GWh
Wind	57.8%	43,320 GWh
Solar	1.8%	1,315 GWh
Hydro	1.8%	1,318 GWh
Other	0.4%	286 GWh

75 TWh of net generation over the 12 months to May 2026. Generation, not consumption — power crosses state lines.

Iowa electricity prices in context

Iowa's residential electricity rate in May 2026 stood at 14.14¢/kWh, placing the state 43rd among the most expensive in the nation. This is substantially below the US average of 18.44¢/kWh, a difference of 4.30¢/kWh or 23.3%. Among bordering states, Iowa's rate falls in the middle range. Only Missouri and Nebraska are cheaper at 13.68¢/kWh and 13.59¢/kWh respectively, while South Dakota measures 15.73¢/kWh, Minnesota 16.95¢/kWh, Wisconsin 19.74¢/kWh, and Illinois significantly higher at 23.85¢/kWh.

Over the past five years since May 2021, when the rate was 13.37¢/kWh, Iowa's residential price has risen 5.8%. The longer view shows steeper growth: since May 2006 the rate has climbed 42.1% from 9.95¢/kWh. Looking back to records beginning in January 2001, the increase totals 84.6% from 7.66¢/kWh. The state's record high came in July 2022 at 15.69¢/kWh, while the lowest was in January 2002 at 7.65¢/kWh.

The average Iowa residential customer pays $119 per month for 850 kWh of usage. This compares with the national average bill of $155 monthly on 871 kWh. Commercial and industrial rates stand at 10.58¢/kWh and 6.62¢/kWh respectively. Despite Iowa's below-average electricity price, the monthly bill remains lower than the national figure due to slightly lower consumption.

Written from the EIA figures on this page, covering data through May 2026.

12-month trend

ResidentialCommercialIndustrial

Residential history since 2001

Jan '01: 7.66¢
Now: 14.14¢
Change: ▲ 84.6%
Range: 7.65–15.69¢

Recent months

Month	Residential	Commercial	Industrial
May 2026	14.14	10.58	6.62
April 2026	13.86	10.26	6.26
March 2026	13.42	10.35	6.43
February 2026	12.74	10.74	6.33
January 2026	12.83	10.52	7.35
December 2025	12.60	10.26	6.40
November 2025	13.55	10.47	6.36
October 2025	13.48	10.43	6.27
September 2025	14.79	11.66	8.90
August 2025	15.58	13.16	8.96
July 2025	15.31	13.18	9.07
June 2025	15.33	12.57	8.29

Prices in ¢/kWh.

Frequently asked questions

›How much does electricity cost in Iowa?

Residential electricity in Iowa costs 14.14¢ per kilowatt-hour as of May 2026, the 43rd highest rate among the 50 states and DC. Commercial customers pay 10.58¢ and industrial customers 6.62¢ per kilowatt-hour.

›Why is electricity relatively cheap in Iowa?

Iowa's residential rate of 14.14¢/kWh is -20.7% versus the U.S. average of 17.84¢/kWh. What a household actually pays also depends on how much it uses: the typical Iowa home consumes 850 kWh a month against a national average of 871 kWh, which is why its average bill comes to $119.

›Have electricity prices in Iowa gone up?

Residential electricity in Iowa has moved +84.6% since 2001, reaching 14.14¢/kWh in May 2026. Over the last year alone the change was -0.1%.

›Is electricity cheaper in states neighboring Iowa?

Of the states bordering Iowa, Minnesota has the lowest average monthly bill at $119 and Missouri the highest at $145. Iowa averages $119 a month, against a U.S. average of $155.