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How Utility Costs Rise with Rising Temperatures

How Utility Costs Rise with Rising Temperatures

Posted On: June 21, 2018 by CBE Companies in: Utilities

It’s that time of year where temperatures are starting to rise and so are your utility bills. Everyone knows, as the summer sun heats up, you consume more electricity to keep things cool. In fact, heating and cooling account for roughly 48% of the average US household energy use. We are here to break down exactly how utility costs are determined as well as what you can do to save on energy consumption. Unlike most common goods, electricity is something we typically use first and pay for later. The fact that electricity isn’t something we can safely touch, smell, taste, or hear, it’s difficult to understand the value and cost. So, what exactly makes the cost of electricity change? Simply put, it is up to each energy company. This means the price can change state to state and even from town to town. These prices are usually generated from the cost to build, maintain, finance and operate the power grids and plants that generate electricity. Seasonal spikes in pricing