Missouri Electricity Prices

Missouri's residential electricity price stood at 16.02¢/kWh in August 2026, ranking 28th most expensive among the 50 states and DC. This was 2.14¢/kWh below the national average of 18.16¢/kWh, putting the state 11.8% cheaper than the US figure. Among bordering states, Missouri was less expensive than Illinois at 19.32¢/kWh and Iowa at 17.06¢/kWh, but more expensive than Kansas at 15.47¢/kWh, Oklahoma at 14.82¢/kWh, Arkansas at 14.37¢/kWh, Kentucky at 13.80¢/kWh, Nebraska at 13.54¢/kWh, and Tennessee at 13.42¢/kWh.

The residential rate has risen substantially over longer periods. Since August 2021, the price increased 21.7% from 13.16¢/kWh. Over the two decades since August 2006, it climbed 92.1% from 8.34¢/kWh. Since records began in January 2001, the rate has grown 172.9% from 5.87¢/kWh. The current price of 16.02¢/kWh sits just below the record high of 16.22¢/kWh reached in June 2026 and far above the record low of 5.87¢/kWh from January 2001.

The average monthly residential bill was $147 on usage of 1,046 kWh per month, both in August 2026. Compared with the national average bill of $158 on 876 kWh per month, Missouri households paid less overall despite a below-average rate, because they used considerably more electricity. Commercial and industrial rates stood at 12.63¢/kWh and 9.89¢/kWh respectively.