An Oct. 5 article in the Daily Beast crunched the numbers to show that electricity bills are likely to rise in the coming months. While it’s long been speculated that electricity prices were going to go up, reporters for this article examined the regulatory filings of utilities across the country and concluded that electric rates are going up, and they won’t be coming down for a while.
The bottom-line reason is that utilities have to make badly needed repairs to the nation’s aging power plants, or build new ones altogether to comply with stricter environmental laws.
The definitive news that the price of electricity is going up should offer a final answer to anyone still on the fence about undertaking energy efficiency upgrades. Many NECA customers began implementing energy conservation and efficiency upgrades when the economy began sinking, anticipating that utility rates were likely to rise as well.
While tax incentives are still in place to help offset the cost of upgrades, now is definitely the right time to make definitive plans to cut your power use. For utility customers who aren’t sure about where to start, NECA contractors can address a range of energy solutions to help customers both build and save green.