How can you stay cool and not completely abandon your budget? The U.S. Department of Energy suggests setting your thermostat to 78 degrees to stay comfortable while saving money. But, if you’re one who thinks that sounds a bit on the toasty side, what other options are there? Here are some tips to help from our friends at Apartmentguide:
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When it gets hotter outside, apartments and condominiums typically use the most electricity to cool their units. In fact, nearly half of all energy consumption each year goes towards powering a unit’s air conditioner or furnace…
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PECO has filed with the Pennsylvania PUC new electric Generation Supply Adjustment (GSA) charges from June 1, 2024, and running through August 31, 2024. The GSA is the largest component of the price to compare. For residential customers, PECO’s GSA is expected to decrease by about 2%.
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Following the recent procurement auctions, we have been informed that AES’s generation portion of the residential rate is expected to decrease by nearly 20%. This new generation rate will be in effect beginning June 1, 2024, and run until May 31, 2025.
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Effective Monday, April 1, 2024, AEP Ohio raised the largest component of the transmission portion of their residential rate. As a result, residential rates will increase by about $10 per month for the average consumer (1,000 kWh/month).
This news follows the expectation that the generation portion of AEP Ohio’s rates will decrease by 20%—30% following the spring auction process. This decrease will take effect in June and should provide some relief to residential summer bills despite the transmission rate increase announcement.
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