2 ms·
If we're getting into the nitty-gritty, then let's also include energy cost inflation into the equation. These numbers are for PG&E which is roughly equivalent
by matt_wulfeck 9y ago
If we're getting into the nitty-gritty, then let's also include energy cost inflation into the equation. These numbers are for PG&E which is roughly equivalent for SF:
2001: 0.10c kw/h
2017: 0.28c kw/h (as per my recent bill)
That's an average of 10% increase in energy cost per year!
https://www.pge.com/tariffs/electric.shtml https://www.pge.com/tariffs/electric.shtml
- nikodunk 9y agoHahahaha that's an awesome point and not something I'd thought of. But it seems that on your recent bill they're including the service fee in that – I'm only paying 14 I believe? Also, wasn't energy super expensive in 2001 due to deregulation? (I'd need to research this, not sure).
- sokoloff 9y ago2.8x increase over 16 years is a CAGR of 6.6%, not 10%. (1.066 ^ 16 = 2.8)
- matt_wulfeck 9y agoCorrection acknowledges!
- jldugger 9y agoIsn't 2001 during the Enron fucking with the West Coast for profit years? A quick review of wikipedia suggests that in 2001 prices may have been held artificially low. A quote by Gray Davis seem instructive: > "Believe me, if I wanted to raise rates I could have solved this problem in 20 minutes."