How Utility Costs Rise with Rising Temperatures

How Utility Costs Rise with Rising Temperatures

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 are also a huge factor in the overall cost to consumers. The hottest and coolest months see the largest spikes. [source]

While most people aren’t willing to go without air conditioning or heat when temperatures reach high and low levels, there are a few best practices to reduce overall energy consumption and, ultimately, lower your energy bill.

  1. Be conscious of leaving doors and windows open.
    It might seem easier to leave the door open while you unload groceries from the car, but you are letting your home’s warm or cool air leak right out of your house.

  2. Check your windows and doors for any air leaks.
    As homes age, windows and doors tend to depreciate in quality. A pricey fix would be to replace the leaking windows and doors but often such a measure isn’t needed. You can purchase a flex seal or shrink film to seal up any gaps you may have. Although it isn’t a permanent fix, it will help drive down your costs until a more permanent solution can be made.

Don’t let the rising temperatures blow the lid off your power bill. With a little knowledge and a couple quick fixes, your next bill doesn't have to break the bank. Get a grip on rising costs before the summer sun melts your savings!