In July, residential electricity prices were down 2.4% from last July, and down 3.1% from two Julys ago.
On Monday, the Energy Department released its electric industry data for July. So much of interest to look at. We start, as we often do, with electricity prices.
In July, residential electricity prices were down 2.4 percent from last July. And down 3.1 percent from two Julys ago.
The average residential price was 13.09 cents per kilowatt-hour in July 2014. It fell to 12.68 cents this July.
In July, commercial electricity prices were down 3.6 percent from last July. And down 4.9 percent from two Julys ago.
The average commercial price was 11.17 cents per kilowatt-hour in July 2014. It fell to 10.62 cents this July.
In July, industrial electricity prices were down 2.8 percent from last July. And down 5.1 percent from two Julys ago.
The average industrial price was 7.62 cents per kilowatt-hour in July 2014. It fell to 7.23 cents this July.
July typically has the highest average price of any month of the year.
July had the highest residential price in 2014. July had the second highest residential price in 2015, behind September of that year.
In 2016, July’s residential price is only the third highest average of the seven months to date. July’s average was lower than that in May or June.
Number-crunching courtesy of Public Utilities Fortnightly.
Steve Mitnick, Editor-in-Chief, Public Utilities Fortnightly
E-mail me: mitnick@fortnightly.com
