US electricity prices fall 2% year-over-year in September, but decline largely reflects California policy

National average retail electricity prices dropped to 19.6 cents per kilowatt-hour in September, the first year-over-year decline since 2023, though the decline is primarily driven by California's timing of Climate Credit payments rather th

First covered Oct 15, 2026 · 2:00 AM PT · 1 article · no longer in the live window

US electricity prices fall 2% year-over-year in September, but decline largely reflects California policy — Image via heatmap.news

Coverage

27d Heatmap News Electricity Prices Technically Dropped in September. Don’t Get Too Excited. — The national average retail price of electricity has fallen year over year from 20 cents per kilowatt-hour in September 2025 to 19.6 cents per kilowatt-hour in…

Primary sources

bls.gov Cpi.Nr0 (bls.gov)

cpuc.ca.gov CPUC Boosts Energy Bill Relief by Shifting Climate Credits to High-Cost Months, Maximizing Savings When It Matters Most

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More coverage from around the web

pge.com Fall Energy Bills to Include $55.17 California Climate Credit for PG&E Electric Customers

pge.com PG&E Electric Bills Down From Last Year, Expected to Drop Again in 2026

investor.pgecorp.com PG&E Corporation - PG&E Decreases Residential Electric Rates on Sept. 1; Customers Receive California Climate Credit on October Electric Bills

nrgcleanpower.com Average Electric Bill in California 2026: $235–$260/Month by City

newsroom.edison.com SCE Brings Customers 2026 Bill Relief with California Climate Credit, Lower Rates

Discussion

Reddit: r/energy0↑ r/energy · 27d ago · 0 comments Electricity Prices Technically Dropped in September. Don’t Get Too Excited.

Appeared in: 2026-10-15 (#7) · 2026-10-16 (#13)

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