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Today, according to the Alliance to Save Energy in Washington, D.C., the average American household spends about $1,400 each year on energy bills. The average monthly electricity bill is now almost $80, and in some places over $100.
In 2002, the last year for which data exists, residents of New York paid an average of 13.58 cents per kilowatt-hour, the second highest in the nation. The highest in the nation is Hawaii, which paid 15.63 cents. In contrast, residents of Kentucky, which at 5.65 cents had the lowest price per kilowatt-hours, pay less than 50% of what New Yorkers pay.
The 2002 real price of electricity was 7.2 cents per kilowatt-hour, and the Department of Energy is predicting that prices will drop to 6.6 cents by 2008, partly as a result of competitive forces.
We estimated the daily costs of a range of appliances based on the assumption that the home owner is paying a rate of 8 cents per kilowatt-hour (the residential average was 8.1 cents in 2002).
Today, according to the Alliance to Save Energy in Washington, D.C., the average American household spends about $1,400 each year on energy bills. The average monthly electricity bill is now almost $80, and in some places over $100.
In 2002, the last year for which data exists, residents of New York paid an average of 13.58 cents per kilowatt-hour, the second highest in the nation. The highest in the nation is Hawaii, which paid 15.63 cents. In contrast, residents of Kentucky, which at 5.65 cents had the lowest price per kilowatt-hours, pay less than 50% of what New Yorkers pay.
The 2002 real price of electricity was 7.2 cents per kilowatt-hour, and the Department of Energy is predicting that prices will drop to 6.6 cents by 2008, partly as a result of competitive forces.
We estimated the daily costs of a range of appliances based on the assumption that the home owner is paying a rate of 8 cents per kilowatt-hour (the residential average was 8.1 cents in 2002).
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