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Figure 1: Average Revenue per Kilowatt-Hour <br /> 11.0 <br /> 10.0 <br /> 9.0 <br /> Residential <br /> N <br /> C <br /> 23 8.0 <br /> All Customers <br /> 7.0 — <br /> i� <br /> 6.0 <br /> 5.0 N <br /> N CO < LLO f0 1� co O] Q) <br /> CO N CO CEO CO CO CO CO OD a) CI O) O) Q) 01 Q) O) CO O) 0 0 0 CO <br /> T CO CO O) CD CO Qf 01 Q) CO O• CO W OI T CAN N <br /> In comparison, inflation—as measured by <br /> ...in real terms, the implicit price deflator for gross domestic <br /> the average price product—has grown at an average rate of <br /> Of electricity Is 2.6 percent per year. Thus, in real terms, the <br /> lower in 2002 average price of electricity is lower in 2002 <br /> than in 1982. than in 1982. Ii <br /> FIGURE 2 shows that inflation-adjusted prices for electricity declined <br /> virtually every year until 2000. <br /> 2 Electricity Price Trends <br />