Locator: 48431ELECTRICITY.
Electricity demand surging: great interactive article in The WSJ today. Link here.
Which immediately takes us to California: link here.
Re-posting:
Electric rates tracked here by the EIA.
Residential electric rates, cents per kWh, May, 2024, for selected states:
- Massachusetts: 28.70
- New York: 23.60
- Ohio: 16.65
- Minnesota: 15.69
- North Dakota: 13.04
- Florida: 13.63
- Tennessee: 12.46
- Texas: 14.74
- Montana: 13.26
- California: 34.31 (no typo) -- it was 29.80 a year ago -- a 15% increase in price y/y!
- Washington State: 12.16 (think hydroelectricity)
- Alaska: 25.02
- Hawaii: 44.14 (and a question whether Hawaiian Electric might go bankrupt)
But, cost of electricity is like the US postage stamp: for residential demand, it's not the cost/kWh, it's the amount of electricity actually used per household/month. For US postage stamps, it's not the cost per stamp, it's the overall cost of mailing for non-commercial users. See household demand by state at this link. Average monthly use by household:
- California: 542 kwh
- almost half that of high use states
- (only Hawaii is lower at 531)
- Florida: 1,096
- Louisiana: 1,192 (highest)
- Minnesota: 776
- North Dakota: 1,041
- Texas: 1,094
Coincidentally, this was posted yesterday:
Which takes me to SRE. Ticker:
And pays 3%. And increases dividend regularly.
ERCOT: link here. Holding, but will be challenging through the rest of the month of August.
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