CPI Report: Electricity Price Inflation 56% Higher than the Consumer Price Index and 86% Higher than Food Inflation
The latest inflation data once again revealed that electricity price inflation is driving general price increases. On an annual basis, electricity price inflation rose by 3.9% or 56% higher than the CPI (2.5%) and 86% higher than food at (2.1%) respectively.
Electricity Price Inflation Over 4X Grocery Bill Increases!
Electricity price inflation rose on an annual basis by 4.9%, well in excess of comparable rises in the average American grocery bill of 1.1%, as measured by the Consumer Price Index (CPI).
ICYMI: NPR Exposes Incumbent Monopoly Utility Efforts to Block Electricity Transmission Competition and Increase Consumer Costs
NPR’s Planet Money published a story on the issue of electricity transmission competition. During the episode, former FERC Chair Jon Wellinghoff said it best, “competition provides for faster, better, cheaper. That’s all going to help consumers.”
Annual Electricity Prices Continue to Rise Amid Summer Heatwave
Transmission costs are skyrocketing due to lack of competition and FERC’s “Right-Sizing” provision will only accelerate these rising costs.
95 Electricity Consumer Organizations from Across the Country File for Rehearing Over Anti-Consumer FERC Order 1920
The Electricity Transmission Competition Coalition submitted a rehearing request on FERC Order 1920 because the rule creates a new federal monopoly for aging electricity transmission infrastructure replacements, which would unjustly raise electricity prices on consumers.
Annual Electricity Price Inflation Increase Almost Double the CPI
The latest inflation data from the Bureau of Labor Statistics shows electricity price inflation continues to exceed the Consumer Price Index (CPI) on an annual basis.
Consumer Group Urges Senate to Swiftly Confirm FERC Nominees
The Electricity Transmission Competition Coalition called on the Senate to approve the nomination of three commissioners to the Federal Energy Regulatory Commission so that they can begin work on the implementation and rehearing of Order 1920.
Electricity Price Inflation Outpaces CPI by 50%
The annualized 12 month electricity inflation price index increased 5.1% and continues to outpace the Consumer Price Index by 50%, according to the Bureau of Labor Statistics.
Defeat of Iowa ROFR Bill Huge Victory for Consumers
Paul Cicio, Chair of the Electricity Transmission Competition Coalition released the following statement in response to the defeat of Iowa HF 2551 & SF 2372.
Electricity Inflation 30% Higher Than CPI Over Last 12 Months
Electricity inflation remains the highest consumer goods cost among the items in the Consumer Price Index according to the latest release of data by the Bureau of Labor Statistics. Over the last year electricity prices have risen by 5% compared to 2.2% for food, and 2.5% for medical care commodities.