Monday, August 17, 2009

Electricity Prices Plummet

Wall Street Journal August 12, 2009 by Rebecca Smith http://online.wsj.com/article/SB125003563550224269.html

Slack demand for electricity across the U.S. is leading to some of the sharpest reductions in power prices in recent years, offering a break for consumers and businesses who just a year ago were getting crunched by massive electricity bills . . .

But this year is shaping up to have the sharpest falloff in more than half a century, and coming on top of declines in 2008, could be the first period of consecutive annual declines since at least 1950 . . .