Commercial electricity rates in Iowa

What businesses in Iowa actually paid per kilowatt-hour, from EIA's monthly utility filings. Updated monthly.

The last 36 months

Range over the period shown: 9.19¢ to 14.15¢ per kWh. Each point is a monthly state average, not an offered rate.

Iowa by the numbers

How commercial compares with other sectors

All figures are August 2026 averages for Iowa.

Commercial customers in Iowa pay 17% less per kWh than households there. Nationally the commercial price sits 20% below residential, so the gap here is narrower than usual.

What this costs a typical account

The average commercial account in Iowa used 4,428 kWh in August 2026. At 14.15¢ per kWh that is about $627 for the month — computed from EIA totals, so it is the average account, mixing a large facility with a corner shop.

How the price has moved

Over the 36 months to August 2026, Iowa's commercial price rose 25.9%, from 11.24¢ in September 2023 to 14.15¢. The high point was 14.15¢ in August 2026 and the low 9.19¢ in December 2023 — a spread of 54% between the cheapest and dearest month, which is unusually volatile for a state-level average.

Across the same period the dearest month on average was August (12.78¢) and the cheapest April (9.70¢), a seasonal swing of 32%.

Iowa against its region

Iowa is in EIA's West North Central division, where the commercial average was 12.07¢ in August 2026. Iowa is 17% above that, and 7 of 7 on price within the region.

Others in the region: North Dakota, Nebraska, South Dakota, Kansas, Missouri, Minnesota.

States priced near Iowa

Source

EIA Electric Power Monthly, retrieved 2026-11-02 · methodology · all 51 states