Today in Fortnightly

Nuclear Prevented 23 Billion Tons CO2 Emissions

Nuclear didn’t make electricity too cheap to meter, but it fortunately was a strong weapon against climate change.

Opponents sometimes mock utilities by invoking the infamous prediction that electricity will become "too cheap to meter." But it was the federal government, not utilities, that said this.

The Eisenhower Administration's chair of the Atomic Energy Commission, Lewis Strauss, made the infamous prediction in a 1954 speech to science writers. He wasn't even referring to the nuclear technology that utilities would start using a decade later. 

My Electric Bill

My utility keeps and makes money on PSC-set delivery charges, $15.51, 29 percent of my latest electric bill, or 47 cents per day.

My electric bill this month is $53.41. For the 33 days through April 5th, the electricity for our three-bedroom Victorian house cost $1.62 per day, or 14 cents per kilowatt-hour. 

We took just 383 kilowatt-hours from the grid. It's not much. The national average is nearly three times that amount. But this bill of mine covered parts of March and April when air conditioning isn't used.

My bills have been this way for six straight months, since mid-October of last year. We've been taking 353 to 409 kilowatt-hours per month. 

New Consumer Survey on Electric Bills

Friday’s data release from Labor Dept.: Westerners pay $3.27/day for electricity, Midwesterners $3.44, Easterners $3.73.

Like Christmas in April, we're surrounded by sumptuous surprises. On Friday, the Labor Department came down the chimney with how much American households spent on pork, postage, pets, personal care products, pensions, and everything else during the year ending June 2015, including electricity.

More on New Consumer Survey on Electric Bills

Friday’s data release from Labor Dept.: average electric bill fell 1.2%.

As we wrote yesterday, it's like Christmas in April. On Friday, the Labor Department came down the chimney with how much American households spent on pork, postage, pets, personal care products, pensions, and everything else during the year ending June 2015, including electricity.

Even More on New Consumer Survey on Electric Bills

Friday’s data release from Labor Dept.: what are similar expenses to electric bills for the average household?

This week's columns have analyzed the brand new Labor Department data on how much American households spent on everything during the year ending June 2015, including electricity.

The semi-annual Consumer Expenditure Survey is the source for understanding Americans' electric bills by region, income, age, urban/rural, etc. The government actually asks many thousands of households each quarter to track every single purchase. The credibility and detail, especially through mining the micro-data, is unequalled. 

New Consumer Survey on Electric Bills vs. 1984

Does electricity take a larger share of Americans’ budgets than in 1984?

This week's columns have analyzed the brand new Labor Department data on how much American households spent on everything during the year ending June 2015, including electricity.

The semi-annual Consumer Expenditure Survey is the source for understanding Americans' electric bills by region, income, age, urban/rural, etc. The government actually asks many thousands of households each quarter to track every single purchase. The credibility and detail, especially through mining the micro-data, is unequalled. 

Cost of Electricity in the Roaring 20s: Wichita

Lighting a lamp in Wichita was a pricey proposition.

Have a five-room house in Wichita, Kansas? In 1923?

A small interconnection with the grid allowed you to take up to four hundred watts at a time. Not a lot of electricity. 

You paid your utility a dollar if you used ten kilowatt-hours over the course of a month. That's a dime per kilowatt-hour. 

Now that's a little less than what you pay today for a kilowatt-hour in Wichita, about twelve cents. Though a dime was worth a whole lot more back then. 

A dime in 1923 was like $1.39 today. So the cost for a Wichita kilowatt-hour in 1923 was effectively $1.39.

Cost of Electricity in the Roaring 20s: Minneapolis

Lighting a lamp in Minneapolis was a pricey proposition.

Yesterday we looked at the cost of electricity in Wichita, Kansas in 1923. Today we'll look at the cost of electricity in Minneapolis in 1926, ninety years ago. 

Minneapolis General Electric charged ten cents per kilowatt-hour for the first three kilowatt-hours used over the course of a month, per room. Per room?

So the number of rooms in your home impacted your electric rate and bill. Because the utility charged seven and a half cents per kilowatt-hour for the next three kilowatt-hours. Again, per room.

May PUF: Trump and Tesla on page 72

Tesla died at the height of World War II. The FBI became quite concerned. Truckloads of Tesla’s papers and other property were impounded by the government, then meticulously inspected by John Trump. You mean that John Trump? I do.

The May issue of Public Utilities Fortnightly was mailed to you yesterday! Jam-packed with 19 thought-provoking articles and columns from our industry's intellectual leaders. 

Here's a fun morsel from page 72:

On January 7, 1943, Tesla died in his room at The New Yorker Hotel in Manhattan. He died at the height of World War II, with the Battle of Guadalcanal still raging. 

How Low Can Electric Bills Go? 1.38%

In just 1 year out of last 58 has electricity been more economical.

There have been 58 months of March since March 1959. Of all those months of March, only one had a smaller percent of consumer expenditures spent on electric bills than March 2016.

In March 2016, just 1.38 percent of consumer expenditures paid electric bills. That's what the Commerce Department reported on Friday, in its gross domestic product release.

Only March 2000 had a smaller percent, 1.34 percent. March 2016 and March 2004 tied for second place, with 1.38 percent paying for electricity. 

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