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A response to Dr. Faruqui’s insights regarding time-varying rates and his commentary on the Fortnightly article, “Action by Choice.”
A response to the article by Chris King and Bonnie Datta in our December 2015 issue.
Electric infrastructure is used half the time on average. Is this a problem requiring rapid radical reform?
A tiny peek at the new March issue, its 72 pages of articles, columns, cartoons, photography, puzzles, perspectives on our past
Gustav Kirchhoff, who you can blame for the miserable complexity of electrical transmission and distribution systems, was born on March 12. Kirchoff's collaborator, in finding two of the 118 elements, was Robert Bunsen. That's right, he's the one that invented the mainstay of chem labs since, the Bunsen burner.
In last year, electric prices fell 6.2% in the northeast (9.9% in Boston area, 11% in NY area) and 3.5% in the south (9.5% in Houston area, 8.7% in Dallas area)
On Friday, the Consumer Price Index for January was announced. Yesterday's column analyzed this ultimate measure of consumer prices, for all goods and services, and then electric and natural gas service specifically. Pretty interesting.
But the numbers were averaged for the country as a whole. Today's column will look at the indices for regions and metro areas.
In last year, electric fell 2.4%, gas fell 12.7%, while overall CPI rose 1.4%
On Friday, the Consumer Price Index for January was announced. The ultimate measure of consumer prices was unchanged from December, for all consumer goods and services.
But for electric service, specifically, the index fell seven tenths of a percent. For natural gas service, specifically, the index fell six tenths of a percent. This means electricity and natural gas became cheaper, relatively.
You will see that this house everywhere is generously supplied with these outlets. They give life to a variety of electric devices, and make it possible for them to be used wherever and whenever they are needed. They are the source of much pleasure and convenience.
But today, with the electricity cut off, they might as well not exist...
If we listen to the talk of the people we shall hear them say over and over again: "Never did we realize before that electricity played such an important part in our lives."
Electric bills average four to four-and-a-half percent of expenditures of low income households
One of the primary concerns in utility regulation, rightfully so, is the affordability of electricity to low income households. So how are we doing in this critical area?
The answer can be found in the latest semi-annual Consumer Expenditure Survey by the US Bureau of Labor Statistics. This survey has been providing extraordinary insights about what Americans buy, and what they spend, since the 1980's. It samples many thousands of households quarterly and repeatedly.