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Figure 2: Average Revenue per Kilowatt-Hour, in 1996 Dollars <br /> 11.0 1 <br /> 10.0 <br /> 9.0 — <br /> C/) <br /> Residential <br /> 11L-1—At\NIA---:_mTh---"s' ar-----s----a_ - <br /> a <br /> ;f 8.0 <br /> All Customers <br /> 7.0 - <br /> 6.0 - <br /> 5.0 <br /> N CO V' in O ^ O0O N CO Q O CO t•••• CO CT)CO CO c0 CO CO CO CO <br /> Cr) Q) Of 0 Of 0 Of 0 Of 0 Cr) CO Of Of Of 0 Of 0 O O O <br /> N <br /> There are numerous factors that contributed to the downward trend <br /> in inflation-adjusted rate levels. These include: <br /> 1 Stable or falling rate base values, as capacity growth stalled <br /> in the 1980s and existing base load capacity continued <br /> to depreciate; <br /> I Declining fuel prices; <br /> 1 Higher capacity factors at nuclear facilities; <br /> I Introduction of more efficient generating units; <br /> 1 State restructuring requirements for rate freezes, rate caps, <br /> or rate reductions; and <br /> I Implementation of cost-cutting measures in anticipation of <br /> competitive markets. <br /> Electricity Price Trends 3 <br />