Electrical costs over the past 50 years*

The graph above shows the electrical cost from the year 1960 through 2011. The average cost of electricity is now 12 cents a kWh. The pattern shows a steady increase over the past 50 years. Following the same pattern, electrical cost will rise another 15% in the next 5 years, making the average cost for electricity over 15 cents a kWh by the year 2016. (This price does not include EPA Carbon Tax)

*Sources * 1960 – September 1977 – Federal Power Commission, Form FPC-5, “Monthly Statement of Electric Operating Revenues and Income.” * October 1977 – February 1980 – Federal Energy Regulatory Commission (FERC), Form FPC-5, “Monthly Statement of Electric Operating Revenues and Income.” * March 1980-1982 FERC, Form FERC-5, “Electric Utility Company Monthly Statement.” * 1983 – U.S. Energy Information Administration (EIA), Form IEA-826, “Electric Utility Company Monthly Statement.” * 1984-1994 – EIA, Form EIA-861, “Annual Electric Utility Report.” * 1995 forward – EIA, Electric Power Monthly (March 2010), Table 5.3.