Before long, it’ll start getting warm enough inside to warrant you turning on the air conditioner. When it starts to transform into summer in an uncomfortable way (temperature-wise), you should know why electric rates actually rise this time of year and what you can do about it.
The Warmth Brings Higher Power Costs
“To begin, there are two types of electricity plans: fixed rate plans and variable rate plans. Both have upsides and downsides.” They’re fairly self-explanatory, but if not, then fixed rate plans are the same price no matter the time, and variable rate changes depending on the supply and demand.
Variable rate is similar to the concept of peak pricing which we have discussed before. That is, if you use more air conditioning when most other people have theirs powered on, then that electricity will be more expensive than if you were using it at, say, 3am. However, there will be times when the cost falls. With fixed rate plans, that won’t happen, since the price is… well, fixed.
As more people use power, then, the cost will go up no matter which plan you choose. Electric rates rise in the summer when most people want to balance out the heat of the season with some cool air. It’s a logical step, though it may still surprise you each and every year to see things increase in this way. Energy is a hot topic these days, and things in general cost more than ever. Though many companies are turning their sights on more efficient ways of powering homes and other buildings, not many have a perfect system to offer. Therefore, you may still be paying for one of these pricey rates for years to come.
Doing research into the different rates will help you to find one that works the best for your family. If you want more information about practices that can help to cut down your electric rates, then get in touch with Tim Kyle Electric. You can talk to an expert about new installations of lighting and wiring, among other things, for your home or business.
About Tim Kyle Electric
Tim Kyle Electric has been delighting our customers with responsive, trusted and professional electrical services since 1986. We provide residential, commercial and solar power services and are experts in our field. Our team of professionally trained employees uphold our core values of honesty, respect and integrity. We are available 24/7 for your electrical servicing needs. Get in touch with us today to discuss your next electrical project.