Kentucky energy costs in decline
Kentucky residential electricity prices have declined by 7 percent since 1990, due in part to the state’s reliance on domestic coal for its electricity, according to a new study released by the American Coalition for Clean Coal Electricity.
The state produced 93 percent of its electricity from coal in 2011. The study also finds that nearly 60 percent of all Kentucky families spend an estimated 23 percent of their after-tax income on energy. However, the state’s poorest residents are hit the hardest by energy costs as households earning less than $10,000 a year spend 67 percent of their income on energy costs.
Filed under: Kentucky | Economy