An ultrapolar electrosurgery blade and an ultrapolar electrosurgery pencil that can be used in both monopolar and bipolar modes for cutting and coagulating tissue. The ultrapolar electrosurgery blade includes a non-conductive member with opposing planar sides, a cutting end with a sharp cutting edge, and an opposite non-cutting end, an active electrode located on one of the opposing planar sides of the non-conductive member, and a return electrode located on the other opposing planar side of the non-conductive member.