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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
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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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