Electric Bills All-Time Record Low 1.4%
The falling percentage of electric bills has freed nearly 1% of consumption expenditures since the 1980s.
Last week, the Commerce Department's data for the Gross Domestic Product again highlighted electricity's affordability. Residential electric bills in May were 1.40 percent of personal consumption expenditures nationally.
This compares to 1.46 percent in May 2015, 1.43 percent in May 2014, and 1.43 percent in May 2013.
And compares to 1.40 percent in April 2016, 1.36 percent in March 2016, 1.39 percent in February 2016, and 1.41 percent in January 2016.
Bottom line? Residential electric bills have been consistently moderate for a while.