With e-billing and auto-payments, it can be easy to forget how much we spend on electricity. But if you’ve looked at your bill recently, you may not like what you see. Across the U.S., electricity prices are on the rise.
During the first half of 2014, U.S. retail residential electricity prices averaged 12.3 cents per kilowatt-hour. That may not sound like much, but it’s an increase of 3.2% from the same period last year. According to the experts at the U.S. Energy Information Administration, that’s the largest year-over-year increase in residential prices since 2009.
New England saw the biggest jump, with prices surging almost 12% year-over-year. And some utilities are reporting rate increases as high as 37%. With prices rising that high, it’s enough to make you look twice at your electricity bills.
At ecovent we love to save money, but we don’t love having to think about it every month when the bill arrives. By making hardware that’s easy to install, a system that adapts to your lifestyle, and an app that’s never more than a tap away, we want to help homeowners save energy—and money—automatically.
That way, you can stop thinking about high electricity bills and get back to spending time on the things you love. Like being comfortable at home.