Cost of Power
Background Information
The cost of power (formerly the FPPC) collects the actual cost of fuel and hydro to generate a kilowatt-hour of electrical energy. It appears as a line item on your monthly bill. The cost of power reflects price changes in fuel and hydro from the Solomon Gulch Hydroelectric Project.
The cost of power is directly tied to the cost of crude oil. Rising oil costs have impacted the nation since 2005 and natural disasters have resulted in even more dramatic increases in oil prices. CVEA members started to see those increases reflected on electric bills in October 2005.
The cost of power from 2005 to 2007 was updated on a quarterly basis. With the fluctuating cost of crude oil, it was difficult to charge a levelized cost. In 2009 the cost of power was revised to be calculated monthly based on the actual cost of fuel and hydro.
Cost of Power History - $ per kWh
|
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
January |
0.1057 |
0.1419 |
0.1249 |
0.1712 |
0.1564 |
0.1995 |
0.2194 |
February |
0.1160 |
0.1294 |
0.1249 |
0.1712 |
0.1310 |
0.1898 |
0.1949 |
March |
0.1160 |
0.1294 |
0.1249 |
0.1712 |
0.1293 |
0.1792 |
0.2093 |
April |
0.1160 |
0.1294 |
0.1249 |
0.1712 |
0.1270 |
0.1751 |
0.2288 |
May |
0.1160 |
0.1294 |
0.1249 |
0.1712 |
0.0875 |
0.1605 |
0.1950 |
June |
0.0834 |
0.1294 |
0.1249 |
0.1712 |
0.0767 |
0.0769 |
0.1469 |
July |
0.0834 |
0.1094 |
0.1147 |
0.0725 |
0.0708 |
0.0770 |
0.1469 |
August |
0.0834 |
0.1094 |
0.1147 |
0.0728 |
0.0754 |
0.0940 |
0.1469 |
September |
0.0834 |
0.1094 |
0.1147 |
0.0870 |
0.0872 |
0.0994 |
0.1469 |
October |
0.1593 |
0.0907 |
0.1472 |
0.1200 |
0.0994 |
0.1466 |
0.1469 |
November |
0.1593 |
0.0907 |
0.1712 |
0.1639 |
0.1598 |
0.1848 |
0.1866 |
December |
0.1419 |
0.0907 |
0.1712 |
0.1564 |
0.1901 |
0.1993 |
0.2175 |