This post is the third in our series about how to save on your energy bills even when you’re spending more time at home, as the entire EnergySage team is, in the wake of the COVID-19 pandemic (here are the first and second.) Continue to check our blog for more ideas for how you can take control of your energy bills in the coming weeks.
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This post is the first in our series about how to save on your energy bills even when you’re spending more time at home, as the entire EnergySage team is, in the wake of the COVID-19 pandemic. Continue to check our blog for more ideas for how you can take control of your energy bills in the coming weeks.
You may have heard that the world is basically on pause right now. The impact of the global pandemic caused by the COVID-19 virus appears to be vast, far-reaching, and multilayered, including in some ways that you may not anticipate. For instance, with so many Americans now working from home or sheltering in place, one way you may see the impact of the pandemic personally is in how your energy bills change now that you’re spending more time at home.
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Reading Time: 6 minutesSouthern California Edison’s (SCE) new time-of-use (TOU) rate plans went into effect in March 2019, affecting the utility’s entire coverage area. Whether you have solar panels on your roof, are considering solar, or don’t have any plans to generate your own electricity, the time-of-use (TOU) rates will have an impact on your monthly electricity costs. Continue reading
Reading Time: 5 minutesA large portion of the cost of electricity comes from a very small portion of hours out of the year. As a result, utilities, electricity grid operators and private companies alike are finding innovative solutions to these infrequent but substantial electricity costs. One product in particular that has already proven to be successful throughout the country is demand response.
Reading Time: 5 minutesHeating water in your house requires a lot of electricity. In fact, roughly 12 percent of an average home’s energy consumption is spent heating water. How much energy your own water heater consumes depends not only on how much hot water you use but also on the type of water heater you install. As such, when it’s time to install a new water heater in your home, it’s important to compare multiple options before making a final purchasing decision.
PG&E’s new rate schedule affects utility’s entire coverage area in 2020. Whether you have solar panels on your roof, are considering solar, or don’t have any plans to generate your own electricity, the time-of-use (TOU) rates will have an impact on your monthly electricity costs. Currently, all PG&E customers have the option of switching to TOU rates or remaining on their existing rate schedule. However, if you are a new PG&E customer or move to a new address, you’ll have to choose a new TOU plan. The best option for your home depends on your electricity use habits.
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There are a number of financial incentives offered to property owners going solar. From rebates to tax incentives and net metering policies, there are many policies that bring down the cost of installing solar panels on your house. One such policy is the feed-in tariff, which, when designed properly, can provide substantial financial benefits to solar customers.
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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.
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Reading Time: 5 minutesIn the past few years, utilities across the country — from Indiana to Massachusetts to Arizona — proposed mandatory or voluntary demand charges for residential customers. With the right resources and knowledge, it is definitely possible to reduce your monthly bill on a demand charge rate. But in many situations, including often for people with solar on their roof, demand charges can lead to more expensive bills overall.
Reading Time: 5 minutesIt is becoming increasingly popular for utilities to offer time-of-use (TOU) plans to their residential customers. In a standard electricity plan, you pay the same rate for your electricity regardless of the time of day. TOU plans are different: the cost of electricity in a TOU plan depends on the time the energy is drawn from the grid.
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