Cost-effective utilities deliver business success in St. Martin
The cost of doing business is a chief topic for evaluators determining site selection. St. Martin businesses benefit from Lousiisiana’s excellent utility rates. Louisiana Economic Development reports the state's natural gas rates in the state were about 20% lower than the national average in 2018, while electricity rates were 23 percent lower than the national average. In 2021 according to Electricity Local and using St. Martinville as an example, the average commercial electricity rate is 14.77% less than the national average rate of 10.09¢/kWh, the average industrial rate is 1.2% less than the national average rate of 6.67¢/kWh and the average residential rate is 33.75% less than the national average rate of 11.88¢/kWh.