(CNSNews.com) - The price of electricity hit a record for the month of October, according to data released Wednesday by the Bureau of Labor Statistics. That made October the eleventh straight month when the average price of electricity hit or matched the record level for that month.
The average price of electricity in October was 13.2 cents per kilowatt hour (KWH), up from 12.8 cents per KWH in October 2012—and up from 9.3 cents per KWH in October 2003.
Americans now pay 42 percent more for electricity than they did a decade ago.
In November 2012, electricity was 12.7 cents per KWH, which was down from the 12.8 cents per KWH price of November 2011. But, in December 2012, the price of electricity stayed at 12.7 cents per KWH, matching the record monthly price of 12.7 cents per KWH that had been reached in December 2011.
In each of the ten months since then (January through October 2013), the price of electricity has hit a record level for that month.
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