Iowa Electricity Rates (2026)
13.7¢/kWhstate average
15.3% below national averageUtilities in Iowa
Individual utility data for Iowa is coming soon. The state average residential rate is 13.7¢/kWh.
Data Center Activity in Iowa
Meta
Altoona, IA
Microsoft
West Des Moines, IA
Rate Outlook for Iowa
Iowa's average residential electricity rate is currently 13.7 cents/kWh. Under EIA's reference scenario, rates are projected to reach 16.2 cents/kWh by 2031 and 18.4 cents/kWh by 2036, a 34.1% change. Under the high oil price scenario, rates could reach 19.2 cents/kWh.
EIA projections for Iowa vs. actual observed rates
Projected residential electricity rates for Iowa (next 10 years)
| Year | Reference (¢/kWh) | High Price | Low Price |
|---|---|---|---|
| 2026 | 15.2 | 15.3 | 15.1 |
| 2027 | 14.7 | 14.9 | 14.6 |
| 2028 | 14.8 | 15.0 | 14.9 |
| 2029 | 15.2 | 15.4 | 15.3 |
| 2030 | 15.7 | 15.8 | 15.8 |
| 2031 | 16.2 | 16.5 | 16.4 |
| 2032 | 16.7 | 17.1 | 16.9 |
| 2033 | 17.4 | 17.8 | 17.5 |
| 2034 | 17.8 | 18.3 | 17.9 |
| 2035 | 18.2 | 18.8 | 18.1 |
| 2036 | 18.4 | 19.2 | 18.4 |
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to Iowa's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.