Response to Cicchetti Re: Net Metering
A response to the letter by Charles Cicchetti in our April 2016 issue, which was a response to the letter by Ashley Brown in our February 2016 issue.
A response to the letter by Charles Cicchetti in our April 2016 issue, which was a response to the letter by Ashley Brown in our February 2016 issue.
A general response to the articles by Michael Deggendorf and by Paul Afonso, Lauren Azar, Dian Grueneich, James Hoecker in our August 2016 issue
The Return for Customers of the Return for Shareholders
Electric generation prices in August were at their lowest point since August 2004, twelve years ago
Electricity’s Producer Price Index up just 3.7% from August 2004, while overall Consumer Price Index up 9.9%
Late last week, the feds dumped a wealth of August electric price data on our desk. This week, we’re filling you in, on what it all means for utility policy and regulation.
There’s too much to fit in a single column. See yesterday’s column for Consumer Price Index trends in residential electric rates, by region. Here today is another taste. To get the full story, catch all the columns this week.
Late last week, the feds dumped a wealth of August electric price data on our desk. This week, we’ll fill you in, on what it all means for utility policy and regulation.
But first, thanks! Two months ago, on July 14, 2016, this column announced the new biz model for Public Utilities Fortnightly.
Spoiler alert! Here are the answers to the crossword puzzle, Rural Coops, in the September 2016 issue of Public Utilities Fortnightly:
Across
2. association of coops: nreca
5. original name of coops agency: rea
6. coop finance corp.: cfc
8. largest coop, in Texas: pedernales
12. main fuel of coop plants: coal
13. U.S. senator pushed to start coops: norris
14. fourth largest coop, in Florida: withlacoochee
16. in very many coop names: member
20. small Midwest state with eighty coops: iowa
Today we again mine the mother lode, the Labor Department’s Consumer Expenditure Survey. In extraordinary detail, it reports what households spent last year for everything.
Let’s look at the electric bills of low-income households in the Northeast, Midwest and West. Low-income includes, for this look, households with income before taxes averaging under $30,000 per year in 2014 – 2015.
We’ll leave aside electric bills in the South. Electric bills there are generally higher where air-conditioners are run harder.
Electric bills are around four percent of expenditures for low-income households versus around two percent for high-income households
Today we continue to mine the mother lode, the Labor Department’s Consumer Expenditure Survey. In extraordinary detail, it reports what households spent last year for everything.
Let’s look at electric bills by income. There are fascinating implications for utility regulation and policy.
As we wrote last week, a household’s electric service averaged $4.00 daily. Or 2.6 percent of all consumer expenditures.