Electricity Price Index Soars to New Record at Start of 2014; U.S. Electricity Production Declining
By Terence P. Jeffrey
February 21, 2014
The electricity price index soared to a new high in January 2014 with the largest month-to-month increase in almost four years, according to the Bureau of Labor Statistics.
Meanwhile, data from the Energy Information Administration, a division of the U.S. Department of Energy, indicates that electricity production in the United States has declined since 2007, when it hit its all-time peak.
The U.S. is producing less electricity than it did seven years ago for a population that has added more than 14 million people.
“The electricity index rose 1.8 percent, its largest increase since March 2010,” said BLS in its summary of the Consumer Price Index released Thursday.