NewInsight: Investor-owned utilities charge 23% more for power

City of Memphis electricity rates

What homes pay City of Memphis for electricity, from EIA.

Municipal utility, 382,810 homes in Tennessee. EIA lists it as City of Memphis - (TN).

Headlines

Average price
13.8¢ a kWh
Up 5.9% on a year ago
Average bill
$157 a month
Up 5.7% on a year ago
Average use
1,132 kWh
A month. Tennessee 1,186 kWh
Price rank in Tennessee
10 of 20
1 is the most expensive

Over the 12 months to August 2026, City of Memphis homes paid 13.8¢ a kWh, against 13.6¢ across Tennessee.

City of Memphis vs Tennessee

City of MemphisTennessee
Average price, 12 months to August 202613.8¢13.6¢
Price in August 202613.8¢13.4¢
Average monthly bill, 12 months$157$161
Bill in August 2026$239$206
Average monthly use1,132 kWh1,186 kWh
Price change, past year+5.9%+3.7%
Price change since 2019+38%+25%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026