PUF's Where's Energy
It’s That Simple
Truman's Buck Stops Here
I was born in the summer of 1952. Yup, that was a while ago.
The per-kilowatt-hour price of electricity averaged about one and two-thirds cents halfway through that last year of the Harry Truman Administration. This summer, sixty-seven years later, the average price of electricity is around eight times higher, about thirteen cents.
But all consumer goods and services cost more now. On average, nearly ten times more. The Consumer Price Index is 9.7 times greater this summer than in the summer of 1952.
Cowbell at 2 Minutes
Can We Return to Cooperative Federalism?
Evolving the Grid Mid-Summer in DC
Your Utility was in Insull Group
Coal Left in the Dust
Insull Org Chart
May’s Electric Rates
The Feds published May’s Consumer Price Index last week and it brought more good news for electric consumers. While the overall CPI for all goods and services rose 1.8 percent from May 2018, the electric CPI fell 0.2 percent. That’s a two percent difference between the overall and electric CPI.
Additionally, average weekly earnings rose 2.8 percent. So that’s a three percent difference between average earnings and the electric CPI. Electric rates falling behind consumer prices generally and earnings is a very good thing.