Historical electricity prices

In the period 1976-2006, before I retired, I was a lawyer-engineer working on behalf of consumers opposing utility rate increases. This was a period of increasing consumption, construction of multi-billion dollar nuclear plants that were often out of service more than in service, Three Mile Island, inflating fuel costs. At that time, the focus of utility regulation was trying to keep rates affordable.

Today, utility regulation is more focused on getting off of non renewable supply and onto "clean" renewable supply. Regardless of the cost, it seems. Billions of ratepayer dollars are thrown into wind projects, often out in the ocean that soak up billions before a single kilowatt hour ever gets ashore. The attitude seems to be, if enough ratepayer money is thrown at the projects, some will succeed.

And now with efforts to get off of fossil fuel for transportation and building heating, and onto "renewable" electricity, along with growing demand for data centers, the transmission systems to get this power from who knows where to points of consumption will require massive transmission investments. And batteries to store energy are being located throughout the distribution systems to be charged during off peak periods, to deliver power back to the grid during on peak periods.

If you think your electric bills are high, I think you ain't seen nothing yet. But I have found that retirement of my 25 year old central air system with modern heat pumps has cut my summer consumption, and therefore bills, dramatically. The increase in winter bills to heat the home with electricity is offset by the reduction in heating oil I would have otherwise consumed.
 
Our electricity bill is one-fifth our xfinity cable bill. Man! that smart electricity coming down the cable must be something special.

Power at under $600 a year not a Top 10 expense concern.

Now if we used that Amana electric dryer less and a clothesline more, we could knock that yearly cost down another couple hundred. But I am not a fan having live wasps and yellow jackets inside my folded shirts or pant legs - I prefer to wake up s-l-o-w-l-y in the morning ...
 
No, because you pay all those fees even if you use zero electricity. Most jurisdictions require you to be connected or they can condemn your house. The real cost is the marginal per kwh charge.
I will have to look at mine more closely. I know there is a rail fuel surcharge added to each KW on my bill because higher cost to transport coal. There is an added surcharge if I use over 1000 KW’s in a billing cycle.
 
From what I understand, you're Province subsidizes the cost of electricity by three billion dollars annually.
It sure does! But it doesn't have a huge impact on what we actually pay. And the $3.1 billion component covers 85% of the cost of the aforementioned GEA wind and solar contracts signed for by the previous administration. We will have paid >$60 billion for the stuff built under the GEA by the time the contracts expire.
 
My marginal rate was 17.303 cents per kWh as of February 2024.

PECo-Fe_2024.webp


As of July 2025 that has risen to 20.055 cents per kWh - an increase of 15.9% in less than two years.

PECo-Jul-2025.webp

When gaming out the decision to go Solar I had assumed a 2% annual inflation in marginal costs. The project made financial sense even with that highly conservative estimate. My ROI for the trailing twelve months is north of 9% which is far more than double the current yield on a ten year treasury note. Your mileage may vary...
 
Here's my most recent bill:
July 2025 Hydro Bill.webp


So:
Average price of electricity paid: $0.102/kWh ($0.074/kWh USD)
Amount paid, with fees, before the OER: $286.40; $0.158/kWh ($0.115/kWh USD)
Amount paid, with fees, after the OER: $253.20; $0.14/kWh ($0.107/kWh USD)
 
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