Across the country, utilities are beginning to introduce innovative rate structures for residential energy consumers. These rate structures–from time-of-use rates to demand charges to real-time-pricing–all have a common goal: to incentivize customers to consume energy during times when the cost of generating electricity is cheap, and to disincentive energy consumption when the cost of generating electricity is high. As a result, understanding the ins and outs of a time-of-use rate can help you reduce your monthly cost of energy.
Solar panels and smart thermostats are two of the most powerful technologies available to help you take control of your home’s energy consumption. By installing solar and a smart thermostat in your home, you can minimize your environmental impact and maximize your clean power use. Here’s why solar panels and smart thermostats are the best way to turn your home into a 21st-century eco-friendly house.
The New York Public Services Commission (PSC) has introduced measures to ensure that distributed energy technologies like rooftop solar panels remain affordable for all New Yorkers. As part of the state’s forward-thinking Reforming the Energy Vision (REV) initiative, state utilities will be barred from owning distributed generation equipment (such as your solar panel system). According to Governor Andrew Cuomo, the new rules will empower state residents to take control of their electricity usage – and reduce their power bills.
The key focus of the REV program is to bring New York’s electricity system into the modern era by improving network efficiency and introducing more renewable energy sources. As Governor Cuomo points out in the announcement of the new rule last month, New York’s approach to electricity infrastructure has undergone little change since the first grid was introduced in lower Manhattan back in 1884. “This state is in need of a modern and efficient energy system, and we are proud to take the steps to build a sustainable way to deliver energy to every home in New York,” he said. Continue reading
According to the Wall Street Journal (WSJ), the price consumers in New York are paying for electricity today is 40 percent more than it was a decade ago. At the same time the price of natural gas, the basic fuel that is most often used to produce energy in the state has fallen by 39 percent. So why are New Yorkers paying more for their power? The WSJ postulates that utilities have been spending hundreds of thousands of dollars on updates to the grid in order to raise rates and make more money. Continue reading