Professor Mark J. Perry's Blog for Economics and Finance
In 2007, the price that American households paid for electricity ($0.1002 per KWh) was among the most affordable in the world, and about half the price of electricty in many European countries like Denmark, Netherlands, Italy, Ireland, Germany, U.K., Portugal, and Austria (see chart above, click to enlarge). Data from the EIA available here (p. 43).
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
3 Comments:
This will soon change, especially here in California due to the State's global warming policies. Multiply by two?
...odd that the referenced chart has a single footnote 'only' for the U.S. electricity price -- stating that taxes are NOT included.
Why that exception among all the many nations listed ... nobody else on the planet pays taxes on electricity ?
Suspect that bias is quite intentional. Ignoring hefty 'taxes' only for U.S. consumer prices obviously tilts the international comparison favorably toward the U.S.
Taxes on my monthly residential electric bill run about 17% ... almost triple the normal retail sales tax here.
Why should a necessity like electricity be taxed at triple the rate of luxury items like jewelry or yachts.
Not true. It's 20 to 30 cents here in New York state. You just divide the bottom line of your bill by the number of kWh, and that's the price. Any lower price is propaganda. The bottom line is what counts.
biologist
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