Decline is a measure of recession's damage to U.S. economy
COLUMBUS, Ohio - Consumers and businesses may finally be seeing some relief from rising utility bills, thanks to the biggest decline in U.S. electricity demand in decades.
Prices on wholesale markets are expected to decline for the rest of 2009, according to the Energy Information Agency. While rates will probably begin edging up again in 2010, it will likely be less than half the 6.2 percent jump recorded last year.
For decades as Americans bought more electronics, more appliances, air conditioners and other gizmos, energy demand has only moved in one direction and prices have followed suit.
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5 comments:
Be careful and aware. 20+ years ago, my family and all citizens in Arizona were asked to cut back on the use of electricity. Demand dropped. Two years later electricity rates increased to cover the supplier's costs.
Obama 'Green Jobs' Adviser Van Jones Resigns Amid Controversy
http://www.foxnews.com/politics/elections/2009/09/06/obama-green-jobs-adviser-van-jones-resigns-amid-controversy/
Not with cap and trade.
This summer, my electric bills are much lower than the past 2 summers. Even with the higher rates, our bottom line has been better.
I suppose that the cooler summer weather had something to do with it. Must be all that global warming ;)
A new stove to replace one made in the 80's and an energy efficent AC unit trimmed my bill this year.A typical bill with no heat or AC runs about $100 not bad considering its an all electric house with 4 TV's (no gas appliances)
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