Electricity Rates On The Rise

Electricity rates are on the rise again after a recent downward trend in the  U.S. according to the Energy Information Administration (EIA). In their monthly report they note that in February 2010, the average residential retail price increased 3.7 percent from 10.93 cents per kWh from 10.54 cents per kWh in January 2010. Hawaiiremained at the top of the chart for residential electricity, at an average retail price of 27.05 cents per kwh for February 2010, up from 24.73 cents per kwh in February 2009. Connecticut was second on the list with an average electric rate of 19.11 cents per kwh. Connecticut also has some pretty good rebates and incentives which makes going solar an easy choice.

Net generation was also on the increase and rose 5.9 percent from February 2009 to February 2010. This increase represents the third consecutive month that generation rose compared to the same period last year. The bad news is that most of that increased generation was from coal fired power plants. On a brighter note, solar production was up 8.8 percent nationally on a year-to-year basis.

If you are tired of seeing your electricity bill going up why not talk to some qualified solar installers and find out how much you could save by going solar.

Post Tagged with
Leave a Comment