Skip to comments.Electricity Price Index Soars to New Record at Start of 2014; U.S. Electricity Production Declining
Posted on 02/21/2014 8:47:05 PM PST by george76
The electricity price index soared to a new high in January 2014 with the largest month-to-month increase in almost four years, according to the Bureau of Labor Statistics.
Meanwhile, data from the Energy Information Administration, a division of the U.S. Department of Energy, indicates that electricity production in the United States has declined since 2007, when it hit its all-time peak. The U.S. is producing less electricity than it did seven years ago for a population that has added more than 14 million people.
Between 2007 and 2012, the nation's annual coal-fired electricity generation declined by about 25 percent, or 502,413 million KWH. The combined increases in natural gas, wind and solar did not make up for this decline.
Coal was not the only source that produced less electricity in 2012 than in 2007, according to the EIA data. Electricity from nuclear power plants dropped from 806,425 million KWH in 2007 to 769,331 in 2012a decline of 37,094 million KWH or 4.6 percent.
Electricity generated from petroleum sources dropped from 65,739 million KWH in 2007 to 23,190 million KWH in 2012a decline of 42,549 million KWH or about 64.7 percent.
Conventional hydroelectric means of generating electricity hit their peak in 1997, a decade before overall electricity generation peaked in the United States. In that year, the U.S. produced 385,946 million KWH of electricity through conventional hydroelectric power. By 2012, that had dropped to 276,240 million KWH, a decline of 109,706 million KWH or 28.4 percent.
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The war on coal has consequences.
Rolling blackouts/brownouts will be commonplace it seems. When, oh when, will we wake up?
The progs are going to take us back to the days of hanging torches on the walls of our caves. The good news is that the low to no information types who vote for DemocRATS will not survive and the world will be a better place for it. Heck, a couple of “monster” snowflakes has them fleeing for their lives in terror. I don’t know how the heck they are going to make it in Barry’s primitive, “fundamentally transformed” America.
As of the last week or two since we took my live in mil s car away I’m stocking up on can goods to rice water gotta think about more ammo
Part of obama’s plan to subjugate America. Cold and starving people are more compliant ... ask the NKs.
All those EPA ideologues who perpetuated this assault on the American people will simply retreat to their tenured university sinecures if somehow rationalists return to power in 2016. They really deserve to be punished severely.
Thank you Mr Obama
the war on the average citizen has consequences.
Americans are using less electricity. Your TV draws less power than it did 10 years ago. Your laptop draws less power than your PC did. Reading on a tablet draws less power than reading a book under a strong light. Big wall-shaking stereo systems have been replaced by iPods and earbuds. Generating electricity is a declining business because people are buying less of the product.
Doesn’t seem like price would be rising in response to falling demand.
Here in California they are warning about electricity shortages due to the drought.
I’m in Texas. It just flat-out gets hot here from May to September and there’s no way around it. I’m absolutely fine with that as a native.
But, last summer, I installed a small window unit in my living room........and the damn thing saved me about $150 a month in cooling costs. I have Central Heat and Air and have had my whole life so that’s just par for the course for me. Last summer I turned the therm up to 80F and left the window unit to go full blast all day long while at work and I would get home in the evening and find most of the house very habitable. Not cool, but acceptable. Dog was fine.
The war on coal I hate. The efforts to allow more people to be less dependant on electricity I can sort of understand. I look a lot into generating your own electricity and heat more today than ever before.
with respect to transforming America, this is probably the only thing obozo has not lied to us about. he said he would regulate the coal industry out of existence and the cost of electricity will have to increase. just more of his carnage on America.
Bipartisan, government connected energy investors cheer.
Technically inclined people should be focusing more on their own little energy projects. There are many ways to save.
We can change that! Let's all run out and buy a government-approved electric car like a Tesla! You know, the kind this klepto/psycho administration keeps wasting our tax dollars on while relentlessly increasing the cost of electricity.
The Taliban want to take us back to the 14th century and the Democrats want to take us back to the 17th century.
The majority of electric power is consumed by the industry, not by households. Yes, there are power savings in every home. But even those savings are limited in nature. I have an A/C and electric heaters, and I use them as necessary because the LNG is even more expensive. I do not need a 400W halogen floor lamp anymore because I'm using a 20W CFL instead. But the electric oven, and the microwave, and my electric water heater, and my well water pump are consuming far more energy.
Still, as I said, the industry should consume even more energy. When at Home Depot look up - how many lights do you see there? (certainly not four.) When at a grocery store, look at those refrigerators that everyone opens and closes all the time. When at a pizza place, look at their oven. But, of course, all that is dwarfed by *real* industry - production of steel, aluminum, and other metals. OK, "should" be dwarfed by that, since hardly any such facility remains on the US land. And that's what is driving the decline of energy use - the decline of heavy industry.
In a normal competitive business you would expect a price drop.
Utilities are marked by two things, regulatory oversight and high fixed costs. When demand drops, the utility still has the same amount of lines in the field that have to be maintained. The loans payments for plant facilities don't decrease. The only thing that decreases is fuel cost. So I can see where a drop in demand would drive the price up.
The regulatory oversight means that the price doesn't fall, since regulatory bodies hardly ever demand a price reduction. But utilities are always asking for a price increase. If not based on current costs, then based on projections of future demand.