Residential rates by utility (EIA-861, average all-in ¢/kWh)
| Utility | 2023 ¢/kWh | 2024 ¢/kWh | Customers (2024) | Ownership | vs state avg, $/yr |
|---|---|---|---|---|---|
| Ketchikan Public Utilities | 11.78 | 12.48 | 6,561 | Municipal | -$1,272 |
| Alaska Electric Light & Power Co. | 12.62 | 12.93 | 15,407 | Investor-owned | -$1,223 |
| Chugach Electric Assn Inc | 20.65 | 21.24 | 97,048 | Co-op | -$327 |
| Matanuska Electric Assn Inc | 22.15 | 23.37 | 64,205 | Co-op | -$96 |
| Homer Electric Assn Inc | 29.05 | 29.79 | 29,721 | Co-op | +$597 |
| Golden Valley Elec Assn Inc | 29.67 | 30.32 | 40,675 | Co-op | +$655 |
| Alaska Power and Telephone Co | 37.92 | 37.18 | 5,737 | Investor-owned | +$1,395 |
| Alaska Village Elec Coop, Inc | 64.42 | 69.95 | 7,689 | Co-op | +$4,934 |
Average price = residential revenue ÷ residential sales from each utility's federal EIA-861 filing (bundled service — supply + delivery + riders, not a quoted tariff rate). State average = 24.26¢/kWh, volume-weighted across these utilities (2024). Your distribution utility is fixed by address; these gaps measure what households in different territories actually paid.
Can you choose your electric company in Alaska?
Electric supply choice: no · Gas supply choice: no
Fully regulated.
Official rate information: rca.alaska.gov.
Heating: which fuel is cheapest per million BTU in Alaska?
| Fuel | Native price | As of | $ per MMBTU |
|---|---|---|---|
| Utility natural gas | $1.265 /therm | Feb 2026 | 12.65 |
| Electricity (resistance) | 25.79 ¢/kWh | Feb 2026 | 75.59 |
Utility natural gas is the cheapest residential energy per BTU in Alaska at $12.65/MMBTU. Conversions: 1 kWh = 3,412 BTU; 1 therm = 100,000 BTU; heating oil 138,500 BTU/gal; propane 91,452 BTU/gal. Site-energy prices — appliance efficiency changes delivered-heat cost: a 95% AFUE gas furnace delivers heat near the gas figure, while a heat pump at seasonal COP 2.5–3 cuts the effective electric figure by 60–70%. (No EIA weekly heating-oil survey price for Alaska.)
Electricity price trend, last 12 months
Alaska's average residential price went from 24.76¢/kWh in Feb '25 to 25.79¢/kWh in Feb '26 — up 4% year-over-year. The 12-month peak was 27.71¢ in Aug '25.
| Month | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ¢/kWh | 24.76 | 25.79 | 25.96 | 26.08 | 26.87 | 27.30 | 27.71 | 27.16 | 26.46 | 26.18 | 25.54 | 25.52 | 25.79 |
Head-to-head utility comparisons in Alaska
- Chugach Electric Assn Inc vs Matanuska Electric Assn Inc — who's cheaper?
Questions people ask
- Who has the cheapest electricity in Alaska?
- Chugach Electric Assn Inc, at an average 21.2 cents per kWh for 2024 among Alaska utilities with at least 50,000 customers (EIA-861). The most expensive, Matanuska Electric Assn Inc, averaged 23.4 cents — a difference of about $230 per year at 10,800 kWh.
- Can I choose my electric company in Alaska?
- No. Alaska is a regulated retail market: your utility is set by address and there is no residential supplier shopping. Rates are set in state utility-commission proceedings (rca.alaska.gov).
- Is gas or electric heat cheaper in Alaska?
- Per million BTU of site energy, utility natural gas was $12.65 (Feb 2026) versus $75.59 for electric resistance heat. A heat pump delivering 2.5-3 units of heat per unit of electricity brings electric heating to roughly $25-30 per MMBTU.
- What is the average electric bill in Alaska?
- At Alaska's February 2026 average price of 25.79 cents/kWh and typical usage of 900 kWh per month, a household pays about $232 per month ($2785 per year) for electricity. Actual bills vary with usage, utility territory, and tariff.