Electricity bills can be perplexing, with costs seemingly rising without explanation. In this episode, we demystify the intricacies of electricity billing, explaining what drives these costs and how you can regain control. Learn the fundamental aspects of electricity measurement, the significance of rate schedules, and how choosing the right rate for your energy use can yield substantial savings.
Listen in as we explain off-peak periods and their role in reducing expenses, and uncover the mysteries of demand charges and how to effectively manage them. You’ll discover the transformative power of onsite generation in reducing grid consumption, ultimately leading to cost savings for your household.
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What You’ll Learn In Today’s Episode:
- How electricity is measured.
- What a flat rate is.
- When peak periods of energy use usually are.
- What a demand charge is.
- How to manage a demand charge.
Ideas Worth Sharing:
- “Electricity is cheaper during what we call off-peak periods, such as the middle of the night when people aren’t consuming a lot of energy.” – Gareth Evans
- “Choosing the right rate for your characteristics of energy use is actually really important and can have a significant impact.” – Gareth Evans
- “Onsite generation is certainly going to reduce your overall energy charges. It’s going to reduce the amount that you’re consuming from the grid.” – Dan Roberts
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