It’s great when the electric bill percentage is this low and is this low for this long: there’s more to spend on all other consumer goods and services.
From Q1 2015 to Q2 2018, utilities’ residential customer count increased by 4.6 million nationally. This much faster growth was at the annual rate of 1.1 percent.
When electric bills are a low percent of consumption expenditures, as presently, when it is typically at 1.33%, electricity is difficult to afford for far fewer households.