Another block checked for Obama: Electricity price skyrockets

Another block checked for Obama: Electricity price skyrockets
(Graphic: CNSNews)

[Ed. – Yeah, what was it that happened in 1970, just before the price of electricity began its virtually uninterrupted rise after six decades of flatlining? That would be the creation of the Environmental Protection Agency.]

The seasonally adjusted electricity price index climbed to a new record of 213.009 in February, up from 212.290 in January and from 206.404 a year ago.

The average price for a KWH of electricity—at 13.8 cents—was also the highest it has ever been in the month of February.

Electricity prices have not always risen in the United States.  The Bureau of Labor Statistics’ annual electricity price index, which measures the price of electricity relative to a baseline of 100, was 45.5 in 1913. By 1947, it had dropped to 26.6. By 1974, it had risen to only 44.1—meaning electricity was relatively less expensive in 1974 than it had been in 1913. …

There has been a particularly dramatic decline in amount of electricity produced by coal in the United States since 2007. In the first eleven months of that year, the U.S. produced 1,845,881 million KWH of electricity using coal, according to the Monthly Energy Review. In the first eleven months of 2014, it produced 1,463,297 million KWH of electricity using coal. That is a decline of 382,584 million KWHs or 20.7 percent.

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