The average daily cost of electricity nationally is about $4.57, and the average monthly electric bill for members of Peninsula Light Co. is roughly $104 (see chart). Electricity provides benefits that we often take for granted. It goes well beyond short-term purchase satisfaction by allowing us to charge devices and have cold food and hot water, all in a comfortable, indoor climate. Besides the privilege it affords us, electricity has also remained relatively cost-stable even amid rising inflation.
As a member-owned cooperative, PenLight does everything in our power to ensure your costs stay reasonable and that electricity remains a great value for our members. It’s not always easy, as there are several factors beyond inflation that impact the price of electricity—some within our control but most beyond it.
The cost of electricity can fluctuate due to supply and demand, infrastructure investment, maintenance, and operational expenses. Weather patterns also contribute, affecting both demand and generation capabilities, with extreme conditions leading to heightened energy use or disruptions. Government policies, such as subsidies for renewable energy or taxes and regulations on emissions, shape electricity costs as well. Your electric co-op considers all these aspects when adjusting rates and, because we’re a cooperative, we consider the impact of those costs on our members as well.
As our community continues to rely on electricity for nearly everything in our homes, schools, hospitals, and businesses, we need it to be reliable and affordable. You can rest assured, that PenLight always puts you top of your mind and works each day to ensure electricity remains the best value for your money.