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Montana Electricity Prices

Average retail price by sector.

Residential
15.57¢ /kWh
▲ 9.0%vs. last year
Commercial
13.64¢ /kWh
▲ 8.7%vs. last year
Industrial
7.97¢ /kWh
▲ 7.6%vs. last year

Data current through August 2026 — the latest available from the U.S. EIA, which publishes monthly figures on a roughly two-month delay.

Average monthly bill

Full bill breakdown →
$115per month▲ 6.0% vs. the year before

13.94¢/kWh × 826 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to August 2026 — the 48th highest among the 50 states and DC.

Compared with the U.S. and neighboring states

Average monthly residential electricity bill, in US dollars
Montana
$115
U.S. average
$158
South Dakota
$141
North Dakota
$133
Idaho
$116
Wyoming
$115

Montana is $43 a month below (-27.3%) the U.S. average of $158. Average monthly bill, September 2025 – August 2026.

How Montana makes its electricity

Fuel mix & trend since 2001 →Power plants →
Renewable
62.8%
Carbon-free
62.8%
Largest source
Hydro 37%
Montana electricity generation by source, September 2025 – August 2026
SourceShareGeneration
Natural gas4.3%1,207 GWh
Coal30.7%8,570 GWh
Nuclear0.0%0 GWh
Wind24.2%6,738 GWh
Solar1.1%299 GWh
Hydro37.4%10,437 GWh
Other2.3%640 GWh

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

Montana electricity prices in context

Montana's residential electricity rate stood at 15.57¢/kWh in August 2026, ranking 33rd among the 50 states and DC. This rate runs 2.59¢/kWh below the US average of 18.16¢/kWh, placing Montana among the less expensive states. Among its bordering states, Montana's rate exceeds those in Wyoming at 14.43¢/kWh, South Dakota at 15.15¢/kWh, Idaho at 13.37¢/kWh, and North Dakota at 13.31¢/kWh. Commercial and industrial rates were 13.64¢/kWh and 7.97¢/kWh respectively.

Over the past five years since August 2021, the residential rate has climbed 34.1%, rising from 11.61¢/kWh. The longer view shows even steeper growth: since August 2006 the rate has increased 85.1% from 8.41¢/kWh, and since records began in January 2001 it has more than doubled, up 141.8% from 6.44¢/kWh. The current rate of 15.57¢/kWh stands at the state's highest point on record, well above the lowest mark of 6.31¢/kWh set in April 2001.

The average Montana household paid $115 per month in August 2026 while using 826 kWh, compared with the national average bill of $158 monthly on 876 kWh. Despite the rate being well below the national average, Montana's lower consumption keeps its typical monthly bill notably smaller than the national figure.

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

12-month trend

ResidentialCommercialIndustrial
5¢10¢15¢20¢Sep '25Dec '25Mar '26May '26Aug '26ResidentialCommercialIndustrial

Price history since 2001

ResidentialCommercialIndustrial
0¢5¢10¢15¢20¢Jan '01Jun '07Nov '13Mar '20Aug '26ResidentialCommercialIndustrial

Average retail price in all three sectors, every month since January 2001.

Residential

Jan '01
6.44¢
Now
15.57¢
Change
▲ 141.8%
Range
6.31–15.57¢

Recent months

MonthResidentialCommercialIndustrial
August 202615.5713.647.97
July 202614.9913.337.71
June 202615.1413.486.69
May 202614.6713.246.98
April 202613.9012.665.99
March 202613.4812.425.99
February 202613.3312.526.90
January 202612.8611.847.41
December 202512.7711.626.34
November 202512.8211.686.88
October 202514.2712.626.97
September 202514.6412.947.32

Prices in ¢/kWh.

Frequently asked questions

›How much does electricity cost in Montana?
Residential electricity in Montana costs 15.57¢ per kilowatt-hour as of August 2026, the 33rd highest rate among the 50 states and DC. Commercial customers pay 13.64¢ and industrial customers 7.97¢ per kilowatt-hour.
›Why is electricity relatively cheap in Montana?
Montana's residential rate of 15.57¢/kWh is -13.8% versus the U.S. average of 18.07¢/kWh. What a household actually pays also depends on how much it uses: the typical Montana home consumes 826 kWh a month against a national average of 876 kWh, which is why its average bill comes to $115.
›Have electricity prices in Montana gone up?
Residential electricity in Montana has risen 141.8% since 2001, reaching 15.57¢/kWh in August 2026. Over the last year alone the change was +9.0%.
›Is electricity cheaper in states neighboring Montana?
Of the states bordering Montana, Wyoming has the lowest average monthly bill at $115 and South Dakota the highest at $141. Montana averages $115 a month, against a U.S. average of $158.