Historical electricity prices

[oil pan 4]

I'll go first.
I found a bill from December 2002.
7.7 cents a kWh.
In Texas. I think all the states where no one wants to live were already around 10 a kWh by this time.

 

[skyactiv]

I'll go first.
I found a bill from December 2002.
7.7 cents a kWh.
In Texas. I think all the states where no one wants to live were already around 10 a kWh by this time.
View attachment 294398

I divide the bill by kilowatt hours used because of added fees. If you do the math on your bill, it's 11.745 cents a kilowatt hour.

 

[JeffKeryk]

Who can afford that? here's mine:

 

[eljefino]

I divide the bill by kilowatt hours used because of added fees. If you do the math on your bill, it's 11.745 cents a kilowatt hour.

Yeah I take two bills and math out the difference in KWh and dollars charged between them. The marginal rate is what matters, because it's what I can control.

That said, it's 21 cents per KWh for me now.

 

[tbm5690]

Just two bills ago I saw a rate increase of about 8%...first jump since 2017. Now paying just under $0.13/kwH all in. Still relatively low so glad for that.

 

[Ed_Flecko]

In Sacramento County of the People's Republic of California, you *may* pay as high as 0.3655 per kWh, depending on other factors.

https://www.smud.org/Rate-Information/Residential-Rates

Ed

 

[k1xv]

If you applied utility rate structures to fast food restaurants, a trip to McDonalds would look like this.

Parking lot fee $3
Labor cost $3.50
Rest room charge $1.50 if used, $1.00 if not used
Standing ready to serve a drink charge $0.75 whether or not you actually order a drink
Cost of hamburger, per hamburger 90 cents
Soft drink 5 cents per ounce
Fries 2 cents per fry.

 

[Snagglefoot]

Who can afford that? here's mine:
View attachment 294399

Haha. Now, take your initial investment in the system, compare it to putting the money in the S&P 500 back then, taking money out each month, paying the tax and using the money to pay the power bill.

 

[Pablo]

Ours are hiked for political reasons so they have gone from bad to worse

 

[OVERKILL]

Ours became a massive political issue (the Green Energy Act) that resulted in the governing party losing party status. We've now had electricity rates pinned for about three election cycles, and, due to inflation, they are now considerably lower than they were near the end of the former party's last term.

Do we pay more than we did in 2008? Yes. But, I pay a lot less than most US ratepayers now. All-in is about 14 cents per kWh CDN, which is about 10 cents USD, or, as @Rand notes, about half of what he pays in Ohio.

 

[Patman]

These are the rates in my area, multiply it by 0.74 to convert to US $

 

[JeffKeryk]

Haha. Now, take your initial investment in the system, compare it to putting the money in the S&P 500 back then, taking money out each month, paying the tax and using the money to pay the power bill.

I consider that poor advice. Here's why:
My solar investment took risk out of the equation. The investment is way past break even point; it fuels my house (blare the AC in summer) and fuels an EV ($125+ per month). The ROI has far exceeded my expectations. My electricity costs, in a high energy cost area, will continue to be small.

Beyond that, the returns on my portfolio are pretty stout. You might be surprised at the dividends alone.

Putting all your eggs in one basket is not my strategy. My primary strategy was having a place to live in a great area, free and clear, with minimal recurring costs, for the long run. I did everything while I was working. That's insurance against market fluctuations.

The initial solar investment, in the big scheme of things, was peanuts. The deal was too good to turn down. The tax man even helped... All in, sometimes you get lucky. By the way, there's a lotta sun right now. My average bill, with all costs, is probably more like $30. I don't bother to pay attention; no reason.

 

[PandaBear]

In Sacramento County of the People's Republic of California, you *may* pay as high as 0.3655 per kWh, depending on other factors.

https://www.smud.org/Rate-Information/Residential-Rates

Ed

We do 45c/kwh in some plans here.

 

[PandaBear]

Haha. Now, take your initial investment in the system, compare it to putting the money in the S&P 500 back then, taking money out each month, paying the tax and using the money to pay the power bill.

I sold some stocks to buy a car a decade ago. My car's opportunity cost compare to the stock I sold is probably $120k.

I should have just gotten a car loan, it is much cheaper than paying cash.

 

[JeffKeryk]

I sold some stocks to buy a car a decade ago. My car's opportunity cost compare to the stock I sold is probably $120k.

I should have just gotten a car loan, it is much cheaper than paying cash.

I bought a Model 3 Mid Range in Dec 2018. Shoulda bought TSLA instead of the Tesla. Oops.

 

[50yr Street Mech]

They are shutting down most coal fueled powered plants due to environment. They cut back on natural gas fueled power plants because of the environment. They are pushing solar unsafe solar farms ( Lith Ion storage battery fires ), they are pushing wind power ( even though the blades needs constant maintenance or replacement )...They need to get back on board with nuclear power. The technology today can make them 20X more safer than 30yr old nuc plants. That's the cheapest way to make electricity. The only problem with the nuclear, is the spent fuel rods. Put the rods in the same hole as the wind turbine blades !!!! There are acres of those blades buried in the midwest !!!!! Read an article that the 2nd most needed job nowadays are people to replace/ repair wind turbine blades. That will just raise the cost of the electric they are producing !!!!

 

[4strokes]

Ours became a massive political issue (the Green Energy Act) that resulted in the governing party losing party status. We've now had electricity rates pinned for about three election cycles, and, due to inflation, they are now considerably lower than they were near the end of the former party's last term.

Do we pay more than we did in 2008? Yes. But, I pay a lot less than most US ratepayers now. All-in is about 14 cents per kWh CDN, which is about 10 cents USD, or, as @Rand notes, about half of what he pays in Ohio.

From what I understand, you're Province subsidizes the cost of electricity by three billion dollars annually.

 

[RhondaHonda]

17.6 cents for summer, all in after our recent rate increase.

 

[AZjeff]

Is that 1 month bill? Holy smokes

 

[supton]

I divide the bill by kilowatt hours used because of added fees. If you do the math on your bill, it's 11.745 cents a kilowatt hour.

12 cents in 2002 inflates to 22 cents today. Doesn’t seem that bad.