Why Does Using Electricity Cost Money

One is inclined to believe that part of the reason electricity costs money is that it is highly profitable for energy companies and the large and persistent demand for electricity which has now become as essential as food and water provides economic incentive to invest in energy on the part of firms and corporations.

Why does using electricity cost money. States map of average electricity rates by state. Customers who use less energy than average will experience the greatest percentage jump in their electric bills when the fixed charge is raised. If we didn t pay. By comparison over that same amount of time electric car drivers paid about 1 20 for electricity to go the same distance.

Reducing energy use in your home saves you money increases our energy security and reduces the pollution that is emitted from non renewable sources. On top of the cost savings electricity rates are much more stable than gasoline prices. Use less air conditioning. All told devices that are in standby or sleep mode can use the equivalent of up to 50 power plants worth of electricity and cost more than 19 billion in electricity.

It is but how much cheaper depends on where you live both locally and internationally. Over the past 10 years the cost of fuel ranged from 1 50 to 4 00 per gallon. This map provides a good representation of how electricity costs in different areas of the country. It s cheaper to charge up an electric car than gas up a traditional automobile right.

Because it costs money to generate the equipment the buildings the wires etc. Home electricity fuel appliances electronics reducing electricity use and costs learn how using an advanced power strip can reduce your electricity use and save up to 100 per year. A little background story first. This information is up to date and was last updated in september 2018 using data extracted from the energy information agency eia s monthly reports.

So let s talk money. Chances are you are too or at least contemplating the idea since. All calculations assumed roughly the current national average electricity cost of 11 cents per kilowatt hour kwh by lisa zelljadt you can find me on. And the costs add up.

It s the stuff we don t feel guilty about that needs attention. The author of this article uses an electric shaver.