The U.S. Energy Information Administration (EIA) reported in a recent article that residential electricity prices have increased approximately 3% in the first half of 2017 versus the same period in 2016. The EIA predicts that, throughout the second half of 2017, customers may continue to see higher prices than previous years. It should be noted, however, that this rate increase may have been offset due to decreased demand during this time period caused by milder weather. Customers’ monthly electric bills averaged $103 in 2016 and $104 in 2017.
CEA Insight: With rates predicted to continue rising, it is important to offset this. Residents can better manage their home’s energy costs over the long term by:
- Adjusting their energy-consuming behaviors to reduce usage
- Acquiring more efficient major appliances, HVAC, and lighting
- Shopping for lower rates on their home electricity supply
For more information on how CEA can assist you in lowering your monthly electricity bill, contact us at info@ceateam.com.