Costs for Consumer Goods Climb
Popular demand and short supply drives the cost of everyday necessities higher. Some price tag changes—like the cost to fill your car’s gas tank—are obvious to anyone driving down the road. Other increases at the grocery store are more subtle but still impact your family’s bottom line. Compare the average price increase of a few household expenses to see how the rising cost of electricity stacks up.
The cost for a gallon of unleaded gasoline shot up 11.1 percent on average every year between 2002 and 2012, according to the U.S. Bureau of Labor Statistics. Eggs don’t go over easy—the cost for a dozen eggs increased 7.8 percent. Bakers watched the price of flour rise 5.7 percent, and apples felt the crunch with a jump of 4.8 percent—every year.
The cost of electricity grew at a slower pace—3.2 percent a year, on average. The U.S. Energy Information Administration (EIA) reports homeowners across the nation pay an average of 11.7 cents per kWh. In Kansas, electric cooperatives keep costs even more affordable—the average price for power is 10.7 cents per kWh.
Unlike eggs or apples, electricity is a 24-hour-a-day commodity. Despite energy efficiency advancements, the average household uses more electronoic gadgets—and needs more power to operate them—every year.
In the past 30 years, the amount of residential electricity used by appliances and electronics has increased from 17 percent to 31 percent according to the Residential Energy Consumption Survey by EIA. More homes than ever have major appliances and central air conditioning. Digital video recorders (DVRs), computers, and multiple televisions are common.
DS&O works hard to keep your electricity safe, reliable, and affordable. But you play a role in the price of your power. Just as you might cut back on eggs if your budget is tight, we can work with you to cut your monthly electric bill. See how little changes add up at www.TogetherWeSave.com.