It may come as a surprise that what you pay for power is a culmination of many factors. A lot goes into flipping on that switch: electricity must be generated and delivered through equipment that operates on fuel and requires building and maintenance costs. When the prices of these things increase or decrease, so does your electricity bill. As a matter of fact, prices change every minute, but customers are charged based on seasonal demand. There are so many factors, some large, some small, that go into determining the price of electricity in the United States: Cost of Fuels: Electricity has to be generated and delivered, and these processes take energy supplied by fuels. As you probably know, fuel prices vary, which in turn affects the cost of electricity. Power Plant Costs: Like anything else, power plants need to be built and maintained. That, plus the operating costs, have an impact on electricity prices. Transmission and Distribution System Costs: Like the point above, distribution and delivery systems also need to be built, maintained, and repaired when necessary. Weather: Inclement weather can work for or against you when it comes to electricity costs. Rain and snow can assist in cheaper hydropower generation, while wind keeps turbines spinning. However, extreme weather that increases the demand for electricity can ultimately make it more expensive. Regulations: Regulations vary per state, with some service/utility...
The Big D is known for a bustling downtown, cutting-edge fashion, and beloved sports teams (including the Cowboys, once nicknamed America’s team). Although lesser-known worldwide, Dallas’ neighbor Fort Worth is just as powerful and will soon eclipse it’s older sister-city in size. Residents of this enormous metroplex demand the most current technology and quick service, and Quick Electricity strives to bring them the best of both.
Along with its sizeable population, the city also maintains one of the higher electricity usage levels in Texas and averages 1,400 kWh worth of consumption per month, exceeding the national average by around 500 kWh. In addition, residents pay an average monthly electricity bill of over $130, once again topping the US average. This makes the ability to select from various service providers important, as it presents an opportunity for the people to cut back on the expenses they incur each and every month.
If you’re a Duke Energy customer, your piggy bank might see a little more coin this summer. According to recent press release, customers of Duke Energy are likely in for a treat this summer! Experts say that based on several different factors, the electric power company’s customer’s bills will be 3% – 4% lower compared to 2016’s summer months. President of Duke Energy Ohio and Kentucky had the following to say about the good news: “We experienced warmer-than-normal weather last summer. As a result, our customers used more electricity to cool their homes. This summer, we’re forecasting temperatures that are closer to normal. That means our...
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But competition didn't necessarily end up cutting prices, according to the report. One contributing factor is confusion among customers as they try to choose among scores of retail electricity providers and the overwhelming variation of plans, leading many to just stick with familiar companies rather than look for better deals, according to the Texas Coalition for Affordable Power .
Since areas surrounding downtown – such as Sycamore and Northside – are mostly populated by families, homeowners might want to consider plans that will last for several years. Rather than switching REPs every few months, you can choose to stick with your preferred retailer for a longer period of time by opting for a long-term contract. Also, if you're looking to grow a relationship with your REP, you can research retailers based on their attention to customer care.