Virginia-based on-line news
organization CNSNews.com reported late last week that the price of electricity
hit a record for the month of October, according to data released a week ago by
the U.S. Bureau of Labor Statistics. For the eleventh straight month, the
average price of electricity hit or matched the record level for that month.
The average price of
electricity in America last month was 13.2 cents per kilowatt hour (KWH), up
from 12.8 cents per KWH in October 2012—and up from 9.3 cents per KWH in
October 2003.
Americans now pay 42 percent
more for electricity than they did a decade ago.
Put Guam's numbers in
perspective. Costs per KWH on island
back in 2003 was $0.18. In 1995 it was just a dime per KWF. Today that number is $0.26 and about to rise
following recent bond issuances poised to pump in over $500 Million for the
next couple of years.
The 15-year old journal, led
by parent-company Media Research Center, reported that the 13.7 cents per KWH
price of electricity of June through September 2013 was the most expensive
electricity has ever been in the United States since BLS started tracking
electricity prices in November 1978.
Did I say Guam's costs for
electricity is a hair over a quarter dollar? Guam Power Authority has reported
that customers consumed on average 11, 985 KWH.
In November 2012, electricity Nationwide was 12.7 cents per KWH, which was down from the 12.8 cents per KWH price of November 2011. But, in December 2012, the price of electricity stayed at 12.7 cents per KWH, matching the record monthly price of 12.7 cents per KWH that had been reached in December 2011.
In each of the ten months since
December 2012, the price of electricity in the U.S. hit record levels for that month. Although
the average price of electricity hit the all-time October record this year, the
price in October actually dropped in the States from September, when it was 13.7 cents per
KWH.
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