Table 8.10 Average Retail Prices of Electricity, 1960-2007 (Cents per Kilowatthour, Including Taxes)

Table 8.10 Average Retail Prices of Electricity, 1960-2007
(Cents per Kilowatthour, Including Taxes)

Year

Residential

Commercial ¹

Industrial ²

Transportation ³

Other ⁴

Total

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

Nominal ⁵

Real ⁶

1960

2.6

12.4

2.4

11.4

1.1

5.2

1.9

9.0

1.8

8.6

1961

2.6

12.2

2.4

11.3

1.1

5.2

1.8

8.5

1.8

8.5

1962

2.6

12.1

2.4

11.1

1.1

5.1

1.9

8.8

1.8

8.4

1963

2.5

11.5

2.3

10.6

1.0

4.6

1.8

8.3

1.8

8.3

1964

2.5

11.3

2.2

9.9

1.0

4.5

1.8

8.1

1.7

7.7

1965

2.4

10.7

2.2

9.8

1.0

4.4

1.8

8.0

1.7

7.5

1966

2.3

9.9

2.1

9.1

1.0

4.3

1.8

7.8

1.7

7.3

1967

2.3

9.6

2.1

8.8

1.0

4.2

1.8

7.5

1.7

7.1

1968

2.3

9.2

2.1

8.4

1.0

4.0

1.8

7.2

1.6

6.4

1969

2.2

8.4

2.1

8.0

1.0

3.8

1.7

6.5

1.6

6.1

1970

2.2

8.0

2.1

7.6

1.0

3.6

1.8

6.5

1.7

6.2

1971

2.3

8.0

2.2

7.6

1.1

3.8

1.9

6.6

1.8

6.2

1972

2.4

8.0

2.3

7.6

1.2

4.0

2.0

6.6

1.9

6.3

1973

2.5

7.9

2.4

7.5

1.3

4.1

2.1

6.6

2.0

6.3

1974

3.1

8.9

3.0

8.6

1.7

4.9

2.8

8.1

2.5

7.2

1975

3.5

9.2

3.5

9.2

2.1

5.5

3.1

8.2

2.9

7.6

1976

3.7

9.2

3.7

9.2

2.2

5.5

3.3

8.2

3.1

7.7

1977

4.1

9.6

4.1

9.6

2.5

5.9

3.5

8.2

3.4

8.0

1978

4.3

9.4

4.4

9.6

2.8

6.1

3.6

7.9

3.7

8.1

1979

4.6

9.3

4.7

9.5

3.1

6.3

4.0

8.1

4.0

8.1

1980

5.4

10.0

5.5

10.2

3.7

6.9

4.8

8.9

4.7

8.7

1981

6.2

10.5

6.3

10.7

4.3

7.3

5.3

9.0

5.5

9.3

1982

6.9

11.0

6.9

11.0

5.0

8.0

5.9

9.4

6.1

9.7

1983

7.2

11.0

7.0

10.7

5.0

7.7

6.4

9.8

6.3

9.7

1984

7.15

10.57

7.13

10.54

4.83

7.14

5.90

8.72

6.25

9.24

1985

7.39

10.60

7.27

10.43

4.97

7.13

6.09

8.74

6.44

9.24

1986

7.42

10.41

7.20

10.11

4.93

6.92

6.11

8.58

6.44

9.04

1987

7.45

10.18

7.08

9.67

4.77

6.52

6.21

8.48

6.37

8.70

1988

7.48

9.88

7.04

9.30

4.70

6.21

6.20

8.19

6.35

8.39

1989

7.65

9.74

7.20

9.17

4.72

6.01

6.25

7.96

6.45

8.21

1990

7.83

9.60

7.34

9.00

4.74

5.81

6.40

7.84

6.57

8.05

1991

8.04

9.52

7.53

8.92

4.83

5.72

6.51

7.71

6.75

7.99

1992

8.21

9.50

7.66

8.87

4.83

5.59

6.74

7.80

6.82

7.89

1993

8.32

9.41

7.74

8.76

4.85

5.49

6.88

7.78

6.93

7.84

1994

8.38

9.28

7.73

8.56

4.77

5.28

6.84

7.58

6.91

7.66

1995

8.40

9.12

7.69

8.35

4.66

5.06

6.88

7.47

6.89

7.48

1996

8.36

8.91

7.64

8.14

4.60

4.90

6.91

7.36

6.86

7.31

1997

8.43

8.84

7.59

7.95

4.53

4.75

6.91

7.24

6.85

7.18

1998

8.26

8.56

7.41

7.68

4.48

4.64

6.63

6.87

6.74

6.99

1999

8.16

8.34

7.26

7.42

4.43

4.53

6.35

6.49

6.64

6.78

2000

8.24

7.43

4.64

6.56

6.81

2001

8.58

8.38

7.92

7.73

5.05

4.93

7.20

7.03

7.29

7.12

2002

8.44

8.10

7.89

7.57

4.88

4.68

6.75

6.48

7.20

6.91

2003

8.72

8.20

8.03

7.55

5.11

4.80

7.54

7.09

– –

7.44

6.99

2004

8.95

8.18

8.17

^R7.46

5.25

4.80

7.18

6.56

– –

7.61

6.95

2005

9.45

^R8.36

8.67

^R7.67

5.73

^R5.07

8.57

^R7.58

– –

8.14

^R7.20

2006

10.40

^R8.92

^R9.46

^R8.12

^R6.16

^R5.28

^R9.54

^R8.18

– –

^R8.90

^R7.64

2007^P

10.64

8.89

9.67

8.08

6.36

5.31

10.40

8.69

– –

9.14

7.64

¹Commercial sector. For 1960-2002, prices exclude public street and highway lighting,
interdepartmental sales, and other sales to public authorities.

⁶In chained (2000) dollars, calculated by using gross domestic product implicit price deflators in Table
D1. See "Chained Dollars" in Glossary.

²Industrial sector. For 1960-2002, prices exclude agriculture and irrigation.

R=Revised. P=Preliminary. NA=Not available. – – = Not applicable.

³Transportation sector, including railroads and railways.

Notes:  ·  Beginning in 2003, the category "Other" has been replaced by "Transportation," and the
categories "Commercial" and "Industrial" have been redefined.  ·  Data represent revenue from electricity
retail sales divided by electricity retail sales.  ·  Prices include State and local taxes, energy or demand
charges, customer service charges, environmental surcharges, franchise fees, fuel adjustments, and other
miscellaneous charges applied to end-use customers during normal billing operations. Prices do not include
deferred charges, credits, or other adjustments, such as fuel or revenue from purchased power, from
previous reporting periods.  ·  Through 1979, data are for Classes A and B privately owned electric utilities
only.  For 1980-1982, data are for selected Class A utilities whose electric operating revenues were $100
million or more during the previous year.  For 1983, data are for a selected sample of electric utilities.
Beginning in 1984, data are for a census of electric utilities.  Beginning in 1996, data also include energy
service providers selling to retail customers.

⁴Public street and highway lighting, interdepartmental sales, other sales to public authorities, agriculture
and irrigation, and transportation including railroads and railways.

Web Page: For related information, see http://www.eia.doe.gov/fuelelectric.html.

⁵See "Nominal Dollars" in Glossary.

Sources:  ·  1960-September 1977—Federal Power Commission, Form FPC-5, "Monthly Statement of
Electric Operating Revenues and Income."  ·  October 1977-February 1980—Federal Energy Regulatory
Commission (FERC), Form FPC-5, "Monthly Statement of Electric Operating Revenues and Income."
·  March 1980-1982—FERC, Form FERC-5, "Electric Utility Company Monthly Statement."
·  1983—Energy Information Administration (EIA), Form EIA-826, "Electric Utility Company Monthly
Statement."  ·  1984-1992—EIA, Form EIA-861, "Annual Electric Utility Report."  ·  1993 forward—EIA, Electric
Power Monthly (March 2008), Table 5.3.