Public power costs less: IOU residential rates averaged 42% higher in 1980
Statistics from DOE's Energy Information Administration showed that, once again public-power customers paid less than customers of investor-owned utilities, breaking down as follows: residential, $3.77 per kWh vs $5.36; commercial and industrial, $3.41 per kWh vs $4.38. A 33-year comparison confirms that investor-owned utilities (IOUs) have higher expenses, which they pass on to consumers. Production and distribution costs were up for both public and private utilities, but IOU transmission and distribution costs were lower than those of public utilities. Revenue per kWh of electricity sold increased in 1980 over 1979 for both types of utility: residential, 3.77 vs 3.22 cents for public and 5.36 vs 4.64 cents for IOUs; commercial and industrial, 2.88 vs 3.41 cents for public and 3.66 vs 4.38 cents for IOUs.
- OSTI ID:
- 6744847
- Journal Information:
- Public Power; (United States), Journal Name: Public Power; (United States) Vol. 40:3; ISSN PUPOA
- Country of Publication:
- United States
- Language:
- English
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Public power costs less
Public power costs less: IOU residential rates averaged 44% higher in 1979