The average price of electricity in the United States decreasedin 1999ÿfor the sixth consecutive year to the lowest rates since1990.ÿ The total decline in rates since 1994 is 3.6%, according toinformationÿreleased yesterday by the Energy InformationAdministration (EIA) in “Electric Sales and Revenue 1999.”

Full-service sales of electricity to bundled ultimate consumersdecreased slightly in 1999 to 3,236 billion kWh, while totalrevenue from those sales decreased as well from $218 billion in1998 to $215 billion in 1999. Sales to ultimate consumers inderegulated power markets in 1999 totaled 76.2 billion kWh or 2.3%of the total market at a cost of $2.7 billion or 3.5 cents/kWh.

The price of electricity decreased for all major consumersectors in 1999 including the residential sector, which decreasedfor the second consecutive year.ÿ At the national level, averagemonthly residential bills declined by 1%, while sales increased by1.2% and average monthly electricity consumption increased to 866kWh from 864 kWh.

Additional highlights from the report included:

An electronic version of “Electric Sales and Revenue 1999” isavailable on EIA’s Internet site athttps://www.eia.doe.gov/cneaf/electricity/esr/esr_sum.html

Printed copies of the 264-page reportÿwill be available on orbefore Oct. 31 from the U.S. Government Printing Office, (202)512-1800 or through EIA’s National Energy Information Center, (202)586-8800.

©Copyright 2000 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.