EIA data through August 2026 · updated 2026-10-29

City of Memphis (TN) electricity rates

City of Memphis (TN) (municipal) residential customers paid about 14.4¢ per kWh (Jan–Aug 2026) — an average bill of $138 for 1,139 kWh a month.

Avg. home price14.4¢per kWh
Residential customers380,286TN, 2024
Avg. monthly use1,139kWh
Commercial12.0¢per kWh
Industrial7.1¢per kWh

What a month costs with City of Memphis (TN)

500 kWh / month$72
900 kWh / month$130
1,200 kWh / month$173

Monthly cost at the average price of 14.4¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.

Price trend

9¢12¢15¢18¢20222023202420252026Tennessee averageU.S. averageCity of Memphis (TN) 9¢12¢15¢18¢20222023202420252026Tennessee averageU.S. averageCity of Memphis (TN)
Tennessee averageU.S. averageCity of Memphis (TN)
Aug 202613.4¢per kWh
vs. 1 year ago+2.5%13.1¢
vs. 5 years ago+20.5%11.1¢
Record high15.1¢Mar 2026
Avg. home bill$2061,532 kWh, Aug
EIA forecast, East South Central14.7¢Dec 2027

Hover or tap the chart for exact monthly values. Source: EIA-861M (monthly, latest months preliminary); forecast: EIA Short-Term Energy Outlook (October 2026) for the East South Central region, which includes Alabama, Kentucky, Mississippi, Tennessee.

ZIP codes served

Averages, not a quote. Prices here are what each utility’s residential customers paid on average (revenue ÷ kWh sold, fixed charges included), as reported to the U.S. Energy Information Administration. Your own rate depends on your plan, season and usage — check your bill or your utility’s tariff.

Questions

What is City of Memphis (TN)’s electricity rate?

About 14.4¢ per kWh for residential customers (Jan–Aug 2026 average, EIA-861M), including fixed charges spread over usage.

What is the average City of Memphis (TN) electric bill?

$138 a month in 2024, for an average of 1,139 kWh (EIA-861).

Is City of Memphis (TN) cheaper than the Tennessee average?

No: 14.4¢ versus the Tennessee average of 13.4¢ (Aug 2026).