Data Point - Electricity cost just hit a record - Granite Grok

Data Point – Electricity cost just hit a record

We’ve talked about this before:  In 2008, then-candidate Barack Obama told the San Francisco Chronicle that his cap-and-trade proposal to control greenhouse gas emissions would mean higher energy prices for Americans.  “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” Obama said.

CNSNews:

“Even as gasoline prices plummeted and the overall energy price index calculated by the Bureau of Labor Statistics declined, electricity prices bucked the trend in the United States in 2014. Data released today by the BLS indicates that the electricity price indexes hit all-time highs for the month of December and for the year. 2014 was the most-expensive year ever for electricity in the United States. The annual price index for electricity, published by BLS today, was 208.020. That was up from 200.750 in 2013.

ANNUAL 20ELECTRICITY PRICE INDEX-2013-2014

The seasonally adjusted electricity price index for the month of December was 210.151, according to the BLS. That sets an all-time record for the seasonally adjusted monthly electricity price index…The average price for a kilowatt hour of electricity in the United States was 13.5 cents in December. That is the highest average price for KWH of electricity in the month of December since the BLS started recording the December monthly price for a KWH in 1978. In December 2013, the average price for a KWH was 13.1 cents.”

Yeah, already know this having just opened up my latest PSNH bill.  Every month, year over year, my use of electricity is down.  Pretty much, though, my cost is up year over year. Not by legislation but by using the levers of power of our Leviathan of a Federal Government he has accomplished his goal of Cap N’Trade and in doing so, lowered the standard of living for ALL us – and by what I consider a capricious whim by someone who just doesn’t care about the middle class.  Else why would he be so proud of having done this?

Thanks, Obama

(H/T:

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