Posted on 01/16/2015 3:00:06 PM PST by george76
Even as gasoline prices plummeted and the overall energy price index calculated by the Bureau of Labor Statistics declined, electricity prices bucked the trend in the United States in 2014.
Data released today by the BLS indicates that the electricity price indexes hit all-time highs for the month of December and for the year. 2014 was the most-expensive year ever for electricity in the United States.
The annual price index for electricity, published by BLS today, was 208.020. That was up from 200.750 in 2013.
...
The average price for a kilowatt hour of electricity in the United States was 13.5 cents in December. That is the highest average price for KWH of electricity in the month of December since the BLS started recording the December monthly price for a KWH in 1978. In December 2013, the average price for a KWH was 13.1 cents.
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The net production of electricity in the United States peaked in 2007, according to data published by the Department of Energy’s Energy Information Administration. That year, the United States generated 4,156,745 million KWH of electricity.
In 2013, that latest full year on record, the United States generated 4,058,209 million KWH of electricity—or about 2.4 percent less electricity than in 2007
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In the first nine months of 2007, the U.S. produced more electricity with coal (1,523,714 million KWH) than in the first nine months of 2014 (1,231,795 million KWH).
The U.S. also produced more electricity in the first nine months of 2007 with nuclear power (607,846 million KWH) and petroleum (53,802 million KWH) than it did in the first nine months of 2014, when it produced 596,174 million KWH and 24,953 million KWH from those source respectively.
(Excerpt) Read more at cnsnews.com ...
I pay about 10 cents per kilowatt/hour
“Under my plan … electricity rates would necessarily skyrocket.” - Obama
Another Obama ‘transforming Amerika’ campaign promise fulfilled. Emptying the common man’s pockets to enrich his green friends.
I paid less for my electricity last year than the year before and the year before that. In fact it ran about what I Paid back in 2006-7.
Shutting down coal plants will do that.
It's ALWAYS about the MONEY.
If you were wondering what people are spending their savings at the fuel pumps on here is one thing.
Per KWH, or total bill?
Dollars per month X 12.
and NoCare higher insurance premiums with higher deductibles.
Blame the utilities all you want....if you really do the research, it’s Government bureaucracy & regulations via that 4th arm of the gov’t the EPA that is pushing utility prices (especially electricity) upwards.
We export coal like the Saudi’s export oil. There are clean ways to burn coal, the gov’t morons don’t like it though. So they will penalize it to oblivion. We should be paying 5¢/kWh if the gov’t got out of the way.
“Electric rates must necessarily skyrocket...” - Obama
No Way, how could electricity prices go up? After all we shut down the coal fired electricity generators and are decommissioning nuclear generators while making it impossible to build new ones. How could prices possibly go up.
This article is talking about the cost of each unit of electricity, KWH, not the total bill each month.
I used to pay 3.5 cents per KWH, long ago. Now it’s 11.4 cents.
I moved to a new town less than five miles away here in MA and my light bill is like 75% higher, this was before the state wide 39% rate hike.
Once the free energy windmills go up off the Cape my rates are projected to rise another 50%.
God do i HATE the left....
My pocket book does not care.
You must be the one person in the country who’s kw/hr rate has fallen.
Wanna share the secret?
We installed a new A/C unit, replaced all of the windows and doors in the house, reinsulated the attic and installed radiant barrier, installed high efficiency, high flows fans, and replaced many of our can light bulbs with LEDs, and our power bills have been higher than they ever have been. It’s absolutely asinine. I’m glad I’m not the only one.
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