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ElectricityRatePerKWh

Black Hills Power, Inc. Electricity Rate per kWh (2024 EIA Data)

Investor Owned|EIA utility 19545|South Dakota + 2 more|Bundled

In 2024, Black Hills Power, Inc.'s residential customers paid an average of 14.37 cents per kWh: $81 million of revenue over 560,837 MWh of sales across 60,951 bundled residential customers, as reported to EIA on Form 861.

Residential 2024
14.37¢
per kWh, bundled
vs SD avg 2024
+11.7%
state 12.86c
Bundled res. customers
60,951
74,842 all sectors
Rank in SD by res. accounts
#2 of 21
10.8% of state residential MWh

How the 14.37c figure is calculated

14.37c/kWh = $80,615k revenue / 560,837 MWh x 100. This is EIA's average realised price for 2024: everything Black Hills Power, Inc. billed its residential customers (energy, delivery, fuel and rider charges, fixed charges) divided by the kilowatt-hours it sold. It is not a tariff rate, and a 2024 annual average will differ from a current bill. For a 1,000 kWh month at this average, the energy cost works out to about $144 before taxes.

About Black Hills Power, Inc.'s 2024 electricity prices

Black Hills Power, Inc. is an investor-owned electric utility that reports to the U.S. Energy Information Administration under utility number 19545. In 2024 it served 60,951 bundled residential customers in South Dakota (its largest state of 3), and its average realised residential price was 14.37 cents per kWh: $81 million of residential revenue divided by 560,837 MWh of residential sales.

Across the other sectors, Black Hills Power, Inc.'s 2024 average prices were 13.18 cents for commercial customers (13,885 accounts) and 9.43 cents for industrial customers (6 accounts). Industrial customers paid 4.94 cents less per kWh than households, a 34% discount that is typical of high-volume, high-voltage service.

Within South Dakota, Black Hills Power, Inc. ranked number 2 of 21 utilities with bundled or delivery service by residential accounts served (60,951) and accounted for 10.85% of the state's residential electricity sales in 2024, measured in MWh sold or delivered rather than in customers. The state-wide average realised residential price in 2024, computed from the same EIA file, was 12.86 cents per kWh, so Black Hills Power, Inc.'s customers paid 1.51 cents above the South Dakota average (+11.7%). For context, EIA's latest monthly figure for South Dakota is 15.36 cents per kWh (June 2026, Electric Power Monthly); that is a different, more recent measure across all utilities and is not directly comparable with a 2024 annual average.

EIA's service-territory file places Black Hills Power, Inc. in 6 South Dakota counties: Butte, Custer, Fall River, Lawrence, Meade, and Pennington. It also reports 2024 retail sales in Wyoming (2,018 residential customers at 13.13 cents) and Montana (12 residential customers at 6.96 cents). On the grid side it operates in the WECC NERC region, and reported generation, transmission, buying transmission, distribution, and wholesale marketing as its activities. Balancing authority code: WACM.

Black Hills Power, Inc. is not among the utilities included in EIA's preliminary 2025 early release, so the 2024 final data is the most recent figure available for it.

The nearest other utilities in South Dakota by service-territory centroid are City of Gillette (WY) (49 miles away, 12.62 cents), Black Hills Electric Coop, Inc (57.7 miles away, 14.76 cents), Powder River Energy Corp (91.7 miles away, 11.73 cents), West River Electric Assn Inc (95.2 miles away, 14.25 cents), and Montana-Dakota Utilities Co (186.7 miles away, 11.72 cents).

2024 sales by sector in South Dakota (bundled service)
SectorCustomersSales (MWh)Revenue ($k)Avg c/kWh
Residential60,951560,83780,61514.37
Commercial13,885779,797102,79013.18
Industrial6191,92618,0999.43

Counties served in South Dakota (6)

ButteCusterFall RiverLawrenceMeadePennington

From the EIA-861 Service Territory file; a listed county can be served in part only.

Other states with 2024 retail sales
Wyoming Bundled2,018 res. accounts13.13c#9 of 13
Montana Bundled12 res. accounts6.96c#13 of 15

Nearby and comparable utilities in South Dakota

City of Gillette (WY)Municipal, 49 mi between territory centroids
13,990 res. accounts 12.62c
Black Hills Electric Coop, IncCooperative, 57.7 mi between territory centroids
9,227 res. accounts 14.76c
Powder River Energy CorpCooperative, 91.7 mi between territory centroids
15,458 res. accounts 11.73c
West River Electric Assn IncCooperative, 95.2 mi between territory centroids
18,423 res. accounts 14.25c
Montana-Dakota Utilities CoInvestor Owned, 186.7 mi between territory centroids
120,043 res. accounts 11.72c
EIA-861 facts, 2024
EIA utility number
19545
Ownership type
Investor Owned
Data year
2024 final (EIA-861)
Primary state
South Dakota
States with retail sales
SD, WY, MT
Service type
Bundled (Part A)
Bundled residential customers (SD, price basis)
60,951
Residential accounts served (SD)
60,951
All accounts, all sectors (SD)
74,842
Residential price, 2024
14.37 c/kWh
Commercial price, 2024
13.18 c/kWh
Industrial price, 2024
9.43 c/kWh
Residential sales
560,837 MWh
Residential revenue
$81 million
Rank in South Dakota by residential accounts served
2 of 21
Share of South Dakota residential sales (MWh, not customers)
10.85%
South Dakota average, 2024
12.86 c/kWh
Counties served (SD)
6
NERC region
WECC
Balancing authority
WACM
Reported activities
Generation, Transmission, Buying Transmission, Distribution, Wholesale Marketing
Registry status
Reported on Form EIA-861 for 2024
South Dakota today
Residential (June 2026)15.36c
Commercial11.35c
Industrial9.44c
South Dakota electricity rate page ->All utilities in South Dakota ->
Energy cost at 14.37c
500 kWh$71.85
750 kWh$107.77
1,000 kWh$143.70
1,500 kWh$215.55

Realised price times usage; fixed charges are already inside the average. Bill calculator ->

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Source and method

Source: U.S. Energy Information Administration, Form EIA-861 Annual, 2024 final data (public domain), retrieved 28 August 2026; prices are average realised revenue per kWh, not tariffs. Final 2024 file f8612024.zip (released 3 December 2025) from the EIA-861 detailed data files. Preliminary 2025 figures come from the early-release file f8612025er.zip (4 August 2026), which EIA has not yet validated; they are labelled as such wherever shown and never mixed into a final figure.

Method: cents per kWh = revenue (thousand dollars) divided by sales (megawatthours), times 100. Customer counts, sales and revenue are the utility's own annual survey responses by state and sector. Bundled = energy plus delivery from one utility; delivery-only = the wires charge for customers who buy energy from a competitive supplier; energy-only = a competitive supplier's energy charge without delivery. County lists come from the EIA-861 Service Territory file; territory centroids used for "nearby utilities" are unweighted means of Census 2023 county centroids. EIA content is in the public domain (EIA copyright and reuse statement); the EIA logo is not used. Corrections: [email protected].