Most of us use electricity—either directly or indirectly—at almost all times. Because it is so abundant and available with the simple flip of a switch, it is easy to take for granted.
According to the Energy Information Administration, the typical U.S. household uses more air conditioning, appliances, and consumer electronics than ever before. The average home also contains 10 or more internet-connected devices.
Considering everything that is powered by electricity, it’s no wonder we occasionally might wince at our monthly bills. But keep in mind, it is no longer just “the light bill.” Electricity powers our quality of life.
From the infrastructure of your home—appliances, water heater, and HVAC system—to charging smartphones and running computers, TV, and the Wi-Fi router, your energy bill covers so much more than lighting.
Today, there is more demand for electricity than ever before. At home, in schools and businesses, and in commercial sectors such as transportation, the need for electricity is increasing.
Typically when demand goes up, so too does the price. That is the case with most goods or services, such as cable or even your favorite specialty coffee. However, that’s not true with electricity.