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Average Price of Electricity Climbs to All-Time Record
CNSNews ^ | July 29, 2014 | Terence P. Jeffrey

Posted on 07/30/2014 8:04:11 AM PDT by george76

For the first time ever, the average price for a kilowatthour (KWH) of electricity in the United States has broken through the 14-cent mark, climbing to a record 14.3 cents in June.

...

Back in June 1984, the seasonally adjusted price index for electricity was 103.9—less than half what it was in June 2014.

Electricity prices have not always risen in the United States. The BLS has published an annual electricity price index dating back to 1913. It shows that from that year through 1947, the price of electricity in the United States generally trended down, with the index dropping from 45.5 in 1913 to 26.6 in 1947.

...

the resident population of the United States increased from 300,888,674 in April 2007 to 317,787,997 in April 2014. So, per capita electricity production in the first four months of 2014 (0.004182 million KWH per person) was less than the per capita electricity production in the first four months of 2007

...

The composition of U.S. electricity production in January-April 2014 was also somewhat different from the composition of production in January-April 2007. In both years, coal was the top source of electricity. But in the first four months of 2007, coal generated 644,052 million KWH, while in the first four months of 2014 it generated only 548,297 million KWH. That is a drop of 95,755 million KWH or about 14.9 percent.

Electricity production from nuclear power declined from 260,838 million KWH in January-April 2007 to 254,485 in January-April 2014. Electricity production from conventional hydroelectric power declined from 92,873 million KWH to 88,364. And production from petroleum declined from 24,974 million KWH to 14,931.

...

The 4,594 million KWH of electricity generated by solar power equaled 0.35 percent of the nation’s electricity supply in the first four months of the year.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: carbon; climatechange; coal; corruption; electricity; electricityprices; energy; gas; obamanomics; oil; waroncoal

1 posted on 07/30/2014 8:04:11 AM PDT by george76
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To: george76

OBAMA 2008 interview: “Electricity prices will NECESSARILY SKYROCKET.......”


2 posted on 07/30/2014 8:05:49 AM PDT by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: george76

Yet Silicon Valley entrepreneurs still overwhelmingly support Democrats.

Strange times.


3 posted on 07/30/2014 8:06:04 AM PDT by Buckeye McFrog
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To: george76

http://www.youtube.com/watch?v=HlTxGHn4sH4\

MY PLAN WILL MAKE ELECTRICITY RATES NECESSARILY SKYROCKET......................


4 posted on 07/30/2014 8:07:06 AM PDT by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: george76

As the price goes up. just use less. Hold the line on usage reduction. The price will return to normal.


5 posted on 07/30/2014 8:08:17 AM PDT by Rapscallion (Obama stands for the corruption of America in all aspects.)
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To: george76

Price to produce is probably 5 cents. Add taxes and pension costs and it is 18 cents in California.


6 posted on 07/30/2014 8:09:00 AM PDT by minnesota_bound
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To: george76

7 posted on 07/30/2014 8:11:00 AM PDT by E. Pluribus Unum ("The man who damns money obtained it dishonorably; the man who respects it earned it." --Ayn Rand)
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To: Red Badger

Right - and he said te coal industry was history. I notice Keystone was never built as well.


8 posted on 07/30/2014 8:11:11 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: george76

yup.. Running the A/C is almost forbidden in my house.


9 posted on 07/30/2014 8:18:40 AM PDT by cableguymn (It's time for a second political party.)
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To: Rapscallion

“As the price goes up. just use less. Hold the line on usage reduction. The price will return to normal.”

I don’t think it works that way with a regulated industry like electric and gas, at least not in all states.

For example, a given electric and gas company, in return for being regulated, is assured of a 22% return on their investments in plant and equipment. If and when usage declines for a long enough period, they simply apply for a rate increase and get it.

In addition, various ‘special’ taxes are added onto the bill on top of this fee and that fee, so even if the electricity charge decreases, the amount due does not.

This is not the free market by any stretch of the imagination.

Finally, there is only so much a family can cut back on electricity usage and still maintain a reasonable lifestyle.


10 posted on 07/30/2014 8:23:28 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: george76
“MUST NECESSARILY SKYROCKET”
“MUST NECESSARILY SKYROCKET”
“MUST NECESSARILY SKYROCKET”
“MUST NECESSARILY SKYROCKET”
“MUST NECESSARILY SKYROCKET”

Translation:

“Screw you poor and middle class Americans, We've got a Socialist agenda to push through. Climate Change science is really truly real. Actual Science is a load of nonsense. We are the government, would we ever tell the people a mistruth?!?!? Has ANY government EVER lied to their own peasants? Of course not.
WE SWEAR IT'S TRUE!!!

Yeah...that's the ticket!”

11 posted on 07/30/2014 8:23:57 AM PDT by PATRIOT1876
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To: george76

It isn’t just the cost of the electricity. It’s all of the fees and minimum usage costs that are added to that.


12 posted on 07/30/2014 8:26:39 AM PDT by grania
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To: Buckeye McFrog
Odd, seeing as how all of the gadgets and software they produce, all run on equipment that requires electricity to operate. Talk about shooting yourself in the foot, and being hypocrites to boot. Count the number of diesel backup generators at one their massive data centers, and then ask them why they didn't use “green energy” sources instead.

There's a reason why all of the big data centers are located in odd locations. Follow the grid tie lines from the hydroelectric plants on the Columbia river south into california for starters.

Computer and telcom equipment are the most inefficient users of electric power, next to battery charging.

13 posted on 07/30/2014 8:32:55 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: george76

And another goal of the inner city is achieved. Now if they can just save the virgin wilderness![/sarcasm]


14 posted on 07/30/2014 8:42:21 AM PDT by Zionist Conspirator (Throne and Altar! [In Jerusalem!!!])
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To: george76

The true cost of “renewables”.

The true rationale for “renewables” has nothing to do with energy or science - its politics and all politics.


15 posted on 07/30/2014 8:53:35 AM PDT by Wuli
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To: george76

But there’s no inflation.


16 posted on 07/30/2014 8:54:17 AM PDT by dfwgator
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To: george76

Germany’s green tech forces 400x increase in power rates
http://wattsupwiththat.com/2014/07/28/germanys-green-tech-forces-400x-increase-in-power-rates/


17 posted on 07/30/2014 9:27:24 AM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Wuli

“So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.” — Candidate Barack Obama,
San Francisco Chronicle interview,
January 17, 2008

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.” — Candidate Barack Obama,
Same interview as above

“We’re going to have to cap the emission of greenhouse gasses. That means that power plants are going to have to adjust how they generate power … but a lot of us who can afford it are going to have to pay more per unit of electricity, and that means we’re going to have to change our light bulbs, we’re going to have to shut the lights off in our houses.” — Candidate Barack Obama,
Iowa PBS interview, November 9, 2007

So much for President Obama’s claims to be for an ‘all-of-the-above’ approach — these regulations are designed specifically to kill coal in American electricity generation, which will significantly raise energy prices on American families. This plan is the most devastating installment of the Obama administration’s war on affordable energy: it achieves their cap-and-trade agenda through regulation instead of legislation.

A study released in September 2011 by National Economic Research Associates, Inc. (NERA) paints a picture of the impact of the EPA rules on existing coal plants. The study concluded:

Over the period from 2012 to 2020, about 183,000 jobs per year are predicted to be lost on net.... The cumulative effects mean that over the period from 2012 to 2020, about 1.65 million job-years of employment would be lost. U.S. GDP would be reduced by $29 billion each year on average over this period, with a cumulative loss from 2012 to 2020 of $190 billion (2010$). U.S. disposable personal income would be reduced by $34 billion each year on average over this period, with a cumulative loss from 2012 to 2020 of $222 billion (2010$).

And those are conservative estimates; the NERA economists note that they do not consider several other variables that would likely drive the total costs and losses higher.

Those figures also do not include the costs that the EPA’s CO2 rules will impose on future energy production.


18 posted on 07/30/2014 10:13:28 AM PDT by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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To: Red Badger

He’s keeping his promises! Which is a bad thing.


19 posted on 07/30/2014 10:18:01 AM PDT by FourtySeven (47)
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To: george76

all part of the plan


20 posted on 07/30/2014 10:19:16 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: george76
Despite rising prices, power today is still considerably cheaper than it was long, long ago. Would you care to guess how much power cost in 1925? It cost $0.14/KWH back then, which must have seemed a fortune.
21 posted on 07/30/2014 1:35:48 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: TexasRepublic

Sorry, I misread the bill. Power was 0.125/KWH, still a lot back then.


22 posted on 07/30/2014 1:37:54 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: george76

Obama has been the most effective president since FDR in implementing his agenda.


23 posted on 08/01/2014 10:26:22 AM PDT by PAR35
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To: TexasRepublic

The bill says 12.5 cents, not 14. You may have confused usage with price.


24 posted on 08/01/2014 10:32:01 AM PDT by PAR35
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