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Front Page » Top Stories » South Florida electric costs 17% cheaper

South Florida electric costs 17% cheaper

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Written by on December 23, 2014

South Florida electric costs 17% cheaper

The Miami area, which consistently has paid far less than the national average for electricity, saw the gap widen even more in November.

In November 2013 the Miami area was paying 11.5% less than the national average for electricity, and the area has paid at least 8% less than the national average for electricity in each of the past five years. But by November of this year consumers and businesses in the Miami area were paying 17.9% less than the national average.

In the one-year span, electricity prices in South Florida fell from 11.5 cents per kilowatt hour of electricity in November 2013 to 11 cents per kilowatt hour in 2014.

For the nation as a whole, however, the average cost of a kilowatt hour of electricity rose from 13 cents to 13.4 cents, the US Bureau of Labor Statistics reported.

During the year, the monthly top that South Florida electricity users paid was 12.2 cents per kilowatt hour in April, May and June, while the national figure peaked at 14.3 cents in June, July and August.

During the same 12-month span, the price of utility – or piped – gas in South Florida rose to $1.552 per therm in November from $1.529 in November 2013. Those prices are far above the national levels of 99.9 cents per therm in November 2013 and $1.035 per therm in November 2014, Bureau of Labor Statistics figures show.

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