5.6% Lower Residential Electric Bills in January

Deck: 

And excluding California, Americans everywhere else paid 6.5% less for electricity compared to year ago.

Today in Fortnightly

Just before the weekend, the Energy Department reported on January 2016.  We crunched the numbers over the weekend. 

American households paid 5.6 percent less for electricity this January.  Compared to the prior January.

Electric bills in some states shrunk substantially.  

Residential bills in the northeast dwindled.  

People living in New York, Massachusetts, Delaware, New Hampshire, Connecticut, and New Jersey did really well.  Their bills dropped 20.1 percent, 16.6 percent, 15.7 percent, 14.8 percent, 13.9 percent, and 12.3 percent.  

So too in the mid-Atlantic, in the District of Columbia and Virginia. Their bills dropped 44.4 percent and 11.2 percent.  

Residential bills in the south decreased. People living in Mississippi, Texas, Louisiana, and Tennessee saw their bills fall 13.3 percent, 12.3 percent, 11.7 percent, and 11.5 percent.

Residential bills didn't fall in every state. In particular, exclude the 4.6 percent rise in the bills of Californians. American households everywhere else paid 6.5 percent less for their electricity in January. 

What's a 6.5 percent price discount? It's paying $74.80 to your utility this January, when you paid $80 last January.

 

Number crunching courtesy of your magazine for commentary, opinion and debate on utility regulation and policy since 1929, Public Utilities Fortnightly.

Steve Mitnick, Editor-in-Chief, Public Utilities Fortnightly

E-mail me: mitnick@fortnightly.com