The Rising Costs of Energy

28/10/2014 Art - Collectibles

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The Rising Costs of EnergyBusiness,Environment,Home Business An analysis conducted by the CBC news in Canada has found that the price of electricity will rise rapidly through the end of the decade. It has been predicted that the average cost per kilowatt-hour country wide will rise more than 50 per cent by 2020.These costs are placed on the average household due to the building of thousands of kilometres of new transmission lines, along with more than 100 new power plants being built between now and 2020. Cheap power is now a thing of the past. The old hydroelectric plants that were build and paid off years ago cannot handle the rising demand and meet the country's needs. This means newer, more expensive plants have to be built. Plants, that only 8 years ago costs far cheaper to build than they do today.

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A 2009 MIT study found that new nuclear plants cost twice as much to build today, and that the once cheap coal-fired plants, cost far more because of emissions restrictions. It seems that either way, we are screwed!! But this shouldn't be a surprise. Governments knew they would need to make these critical, costly investments. But what they didn't do was put enough effort into helping people in need pay their bills or cut their usage through conservation and subsidized home retrofits.Ok, so what does all this mean to us?

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Sure, prices are going up, we can't stop it, so what then? What can we do to lower the costs? You can find plenty of tips on youtube on how to insulate your home better. Buy better windows, use energy saving light bulbs. Now, don't get me wrong, doing all this will save you about 30% on your energy bill. If you don't do this, than really you deserve to pay the extra costs. But there has to be another way! There has to be a way to kick it to 'em!

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How about getting rid of that smart reader? To me, it's more of a suckered me into paying more, and losing sleep by doing my laundry at 11pm. Did you know that ever since smart readers were introduced, and people were told that they could save money by using most of their energy consuming chores during off-peak hours, actually raised the consumption by over 150%. Which increased their bill, which meant they had to pay more! Get rid of your smart meter, lock in your rate to a fixed rate! You prefer a fixed rate mortgage right? Wouldn't you'd rather do your laundry on your own time without having to worry about paying more? There are companies that can provide you the freedom to get off of time-of-use pricing!

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