Average Retail Prices of Electricity, 1960-2003 (Cents per Kilowatthour)

Table 8.10 Average Retail Prices of Electricity, 1960-2003
(Cents per Kilowatthour)

Year

Residential

Commercial ¹

Industrial ¹

Other ²

Total

Nominal

Real ³

Nominal

Real ³

Nominal

Real ³

Nominal

Real ³

Nominal

Real ³

1960

2.6

^R 12.4

2.4

^R 11.4

1.1

^R 5.2

1.9

^R 9.0

1.8

^R 8.6

1961

2.6

^R 12.2

2.4

^R 11.3

1.1

^R 5.2

1.8

^R 8.5

1.8

^R 8.5

1962

2.6

^R 12.0

2.4

^R 11.1

1.1

^R 5.1

1.9

^R 8.8

1.8

^R 8.4

1963

2.5

^R 11.5

2.3

^R 10.6

1.0

^R 4.6

1.8

^R 8.3

1.8

^R 8.3

1964

2.5

^R 11.3

2.2

^R 9.9

1.0

^R 4.5

1.8

^R 8.1

1.7

^R 7.7

1965

2.4

^R 10.6

2.2

^R 9.8

1.0

^R 4.4

1.8

^R 8.0

1.7

^R 7.5

1966

2.3

^R 9.9

2.1

^R 9.1

1.0

^R 4.3

1.8

^R 7.8

1.7

^R 7.3

1967

2.3

^R 9.6

2.1

^R 8.8

1.0

^R 4.2

1.8

^R 7.5

1.7

^R 7.1

1968

2.3

^R 9.2

2.1

^R 8.4

1.0

^R 4.0

1.8

^R 7.2

1.6

^R 6.4

1969

2.2

^R 8.4

2.1

^R 8.0

1.0

^R 3.8

1.7

^R 6.5

1.6

^R 6.1

1970

2.2

^R 8.0

2.1

^R 7.6

1.0

^R 3.6

1.8

^R 6.5

1.7

^R 6.2

1971

2.3

^R 8.0

2.2

^R 7.6

1.1

^R 3.8

1.9

^R 6.6

1.8

^R 6.2

1972

2.4

^R 8.0

2.3

^R 7.6

1.2

^R 4.0

2.0

^R 6.6

1.9

^R 6.3

1973

2.5

^R 7.8

2.4

^R 7.5

1.3

^R 4.1

2.1

^R 6.6

2.0

^R 6.3

1974

3.1

^R 8.9

3.0

^R 8.6

1.7

^R 4.9

2.8

^R 8.1

2.5

^R 7.2

1975

3.5

^R 9.2

3.5

^R 9.2

2.1

^R 5.5

3.1

^R 8.2

2.9

^R 7.6

1976

3.7

^R 9.2

3.7

^R 9.2

2.2

^R 5.5

3.3

^R 8.2

3.1

^R 7.7

1977

4.1

^R 9.6

4.1

^R 9.6

2.5

^R 5.8

3.5

^R 8.2

3.4

^R 8.0

1978

4.3

^R 9.4

4.4

^R 9.6

2.8

^R 6.1

3.6

^R 7.9

3.7

^R 8.1

1979

4.6

^R 9.3

4.7

^R 9.5

3.1

^R 6.3

4.0

^R 8.1

4.0

^R 8.1

1980

5.4

^R 10.0

5.5

^R 10.2

3.7

^R 6.8

4.8

^R 8.9

4.7

^R 8.7

1981

6.2

^R 10.5

6.3

^R 10.7

4.3

^R 7.3

5.3

^R 9.0

5.5

^R 9.3

1982

6.9

^R 11.0

6.9

^R 11.0

5.0

^R 8.0

5.9

^R 9.4

6.1

^R 9.7

1983

7.2

^R 11.0

7.0

^R 10.7

5.0

^R 7.7

6.4

^R 9.8

6.3

^R 9.7

1984

7.15

^R 10.57

7.13

^R 10.54

4.83

^R 7.14

5.90

^R 8.72

6.25

^R 9.24

1985

7.39

^R 10.60

7.27

^R 10.43

4.97

^R 7.13

6.09

^R 8.74

6.44

^R 9.24

1986

7.42

^R 10.41

7.20

^R 10.11

4.93

^R 6.92

6.11

^R 8.58

6.44

^R 9.04

1987

7.45

^R 10.18

7.08

^R 9.67

4.77

^R 6.52

6.21

^R 8.48

6.37

^R 8.70

1988

7.48

^R 9.88

7.04

^R 9.30

4.70

^R 6.21

6.20

^R 8.19

6.35

^R 8.39

1989

7.65

^R 9.74

7.20

^R 9.17

4.72

^R 6.01

6.25

^R 7.96

6.45

^R 8.21

1990

7.83

^R 9.60

7.34

^R 9.00

4.74

^R 5.81

6.40

^R 7.84

6.57

^R 8.05

1991

8.04

^R 9.52

7.53

^R 8.92

4.83

^R 5.72

6.51

^R 7.71

6.75

^R 7.99

1992

8.21

^R 9.50

7.66

^R 8.87

4.83

^R 5.59

6.74

^R 7.80

6.82

^R 7.89

1993

8.32

^R 9.41

7.74

^R 8.76

4.85

^R 5.49

6.88

^R 7.78

6.93

^R 7.84

1994

8.38

^R 9.28

7.73

^R 8.56

4.77

^R 5.28

6.84

^R 7.58

6.91

^R 7.66

1995

8.40

^R 9.12

7.69

^R 8.35

4.66

^R 5.06

6.88

^R 7.47

6.89

^R 7.48

1996

8.36

^R 8.91

7.64

^R 8.14

4.60

^R 4.90

6.91

^R 7.36

6.86

^R 7.31

1997

8.43

^R 8.84

7.59

^R 7.95

4.53

^R 4.75

6.91

^R 7.24

6.85

^R 7.18

1998

8.26

^R 8.56

7.41

^R 7.68

4.48

^R 4.64

6.63

^R 6.87

6.74

^R 6.99

1999

8.16

^R 8.34

7.26

^R 7.42

4.43

^R 4.53

6.35

^R 6.49

6.64

^R 6.78

2000

8.24

^R 8.24

7.43

^R 7.43

4.64

^R 4.64

6.56

^R 6.56

6.81

^R 6.81

2001

8.62

^R 8.42

7.93

^R 7.75

5.04

^R 4.92

7.03

^R 6.87

7.32

^R 7.15

2002

^R 8.46

^R 8.14

^R 7.86

^R 7.56

^R 4.88

^R 4.69

^R 6.73

^R 6.47

^R 7.21

^R 6.94

2003

8.71

8.24

8.13

7.69

4.95

4.68

6.95

6.58

7.40

7.00

¹Retail customers are classified as "Commercial" or "Industrial" based on NAICS (North American Industry Classification System) codes or usage falling within specified limits by rate schedule.	Notes: · Data represent revenue from electricity retail sales divided by electricity retail sales. · 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.
²Public street and highway lighting, other sales to public authorities, sales to railroads and railways, and interdepartmental sales.	Web Page: For related information, see http://www.eia.doe.gov/fuelelectric.html.
³In chained (2000) dollars, calculated by using gross domestic product implicit price deflators. See Table D1.	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." · 1984-1989—EIA, Form EIA-861, "Annual Electric Utility Report." · 1990 forward—EIA, Electric Power Monthly (March 2004), Table 5.3.
R=Revised.