Electricity’s Revenues Down in 2015
Revenues from sales of electricity were down three billion dollars, nationally, 2015 through November, per the Energy Department. Unadjusted for inflation. That’s a decrease of nine tenths of a percent from the prior year.
The prime driver was sales to the industrial sector. Revenues from industrial companies were down over four billion dollars. As a percentage, that’s a drop of 6.7 percent. Not a typo, 6.7 percent!
The disappearing revenues from industrial companies means that industry now supplies just 17 percent of electricity’s revenues. Put another way, the total electric bill of the residential sector is now 2.7 times more than the total electric bill of the industrial sector. The commercial sector is now 2.2 times more.