Energy Bills Lowest in Colorado, Highest in Hawaii, Says New Ranking
WASHINGTON, D.C.—Colorado is the least “energy expensive” state in the U.S., followed by Washington State, according to a new report. The report by website WalletHub uses “six key metrics to rank the states (and the District of Columbia) according to their tendency to produce the highest or lowest monthly energy bills.” Hawaii has the highest monthly energy cost, with Mississippi being the most expensive in the continental U.S. The rankings took into account the price and consumption of residential electricity and the price of vehicle fuel. Lower prices don’t always mean lower costs, WalletHub said. Consumption is a key determinant in the total energy bill. In places with high summer temperatures but cheaper electricity such as southern Louisiana, households might end up with higher out-of-pocket costs than those in energy-expensive northern California, where the temperate climate keeps heating and cooling units idle most of the year. WalletHub says in the United States, 7.1% of the average consumer’s total income is spent on energy costs.
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