Commerce Dept.: Mini-Era of Cheap Electricity Continues
For 12 months in a row, electric bills have been 1.5% or less of personal expenditures.
Good news again this week. The Commerce Department announced February's numbers that build up to the nation's Gross Domestic Product, the GDP. Buried in the numbers, electric bills were just 1.44 percent of personal consumption expenditures.
Over two-thirds of the GDP is spent by and for individuals and families. These personal expenditures amount to around twelve and a half trillion dollars per annum.