An analysis of state-by-state data collected by the federal government projects Utah will have the lowest electricity rates in the country this year, with the annual costs estimated to be $1,047.27. The study, conducted by electricity experts Texas Electricity Ratings, analyzed state-by-state U.S. Energy Information Administration data to predict the annual electricity bill across the country. Utah residents reportedly only paid 11.03 cents per kilowatt hour in 2023 — 1.5 times lower than the national average.