News

Consumer spending on electric service at record low

In November, the portion of American consumer spending that went to electric service reached an all-time low.

“Electric service has never been cheaper for the American consumer than it was in November,” reports Public Utilities Fortnightly, the industry publication that performed the analysis. November’s electric service consumer spending totaled just 1.30% of all consumer expenditures in the United States.

Spending on telecommunication service, on the other hand continues to rise, and consumer spending on telecom is now nearly equal to electricity spending.

Author: Annie Levenson-Falk

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