the COST OF ELECTRICITY

Your Residential Electricity Rates

By far the greatest single contribution to global climate change is the COST OF ELECTRICITY. The average American uses more electricity than the whole world (including China) uses in a year. In fact, we use more electricity than all the countries combined. If everyone used just a little less electricity, the world could easily have a smaller carbon footprint.

 

The U.S. is by far the biggest electricity user in the world

based on data sources. As data source (from electrical companies like E Edison and others) suggests, our electricity use is growing very rapidly. Energy consumption varies greatly depending on what state you live in, and how much electricity you use, so let us look at electricity rates and the average rates in every state. While states like Texas get the highest rate in the country, other states with a lower rate like Wyoming and Massachusetts have lower rates. So states like Nevada and Oklahoma have a high rate, while Massachusetts and Vermont have lower rates.

 

Residential electricity rates vary widely across the board.

Some states have deregulated rates, while other states have regulated rates. Deregulated states have less regulation; they have more “room to breathe”, as the energy choice for residents is left to the consumer. Because of this, residential electricity rates are often two to three times higher in deregulated states. This is especially true for people in rural areas.

 

The single biggest influence on your electric supplier’s COST OF ELECTRICITY

is its relationship with the Federal Energy Regulatory Commission or FCC. The FCC requires electric suppliers to disclose certain information about their carbon emissions and other environmental impacts. All of the information has to be provided to the FCC within 45 days. Information about your energy choices has to also show that your electrical plans will not increase your home’s carbon emissions. If your supplier does not comply, or cannot prove its compliance, your electric supplier can find itself losing millions of dollars in revenue.

 

One more thing that influences your residential electricity rates

is the age of your home. Older homes are known to use more electricity than newer homes, which can make your monthly energy bill go higher. Another way that older homes use more energy is because of the air conditioner. Air conditioners use a great deal of electricity. So if you’re planning to sell your home in the future, make sure you keep your cooling costs down by adjusting the thermostat to an average temperature.

 

Now that you know a little bit more about residential electricity rates

it should be easier to figure out what your energy choices are. This knowledge will help you make informed decisions. If you’re confused about how to make your energy choices, consulting with an energy management company should be helpful. If you have questions about your energy choices, numerous consumer groups can help you.

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