Electricity Remains a Good Value
What costs more, an average day of power or a fast food value meal?
The cost of powering your home rises slowly when compared to other common expenses.
Using the prices of the day, between 1985 and 2005, health care costs rose 185 percent, regular gasoline rose 91 percent, food rose 81 percent and electricity rose 27 percent. (U.S. Bureau of Labor Statistics)
When you consider how reliable electricity is, the value goes up even more. Ask yourself: When did I last experience a major outage that wasn't caused by a natural disaster? For most of us, those times are the only occasions when we stop to think about what an affordable value electricity brings to our lives.
Looking at price increases over the last five years, it’s easy to see electricity remains a good value!
Average Annual Price Increase 2014-2019.
Sources: U.S. Bureau of Labor Statistics Consumer Price Index.
Electricity is expressed on a daily basis using EIA 2018 Average U.S. Monthly Residential Bill of $117. Big Mac® is a registered trademark of McDonald’s Corporation. McDonald’s Corporation does not endorse or sponsor this material. Sources: Economist.com and EIA, 2018 data.
Value of electricity