The comforts of having television, computers, air conditioning, heaters, and sufficient lighting are priceless. Coping up with modern living is thus simply not possible without electricity. But with this convenience comes the responsibility of paying for the consumption of energy.
Even with the advent of alternative energy sources like solar, wind and geothermal power which are sustainable options, the bulk of energy demands today are still being met by generating electricity mainly from fossil fuels. Unfortunately, that means electricity generation rates are determined by the highly speculative pricing of oil and natural gas in the world market. But when supply doesn’t meet demand, this is where rates tend to pick up. On the home front, for example, the Daily Press reported a possible power increase:
Dominion Virginia Power is asking regulators to let it increase electricity rates by nearly 6 percent, to cover an unexpected winter spike in the cost of fuel for its power plants and to pay for improvements to its highest-voltage lines.
The increases would boost a typical residential monthly bill, for 1,000 kilowatt-hours, in two steps from $107.99 now to reach $114.36 on Sept 1, if the State Corporation Commission approves.
A 6% bump in the electricity rates isn’t small potatoes in this economy, and certainly not for your household budget. This is why we need to wise up to it by making our homes more energy-efficient and environmentally-friendly, reducing our expenses in the long run.
For example, doing a bathroom remodeling in Virginia Beach by installing energy-efficient heaters can cut our heating bills, all the while making a trip to the bathroom a more comfortable and relaxing experience. Renovating our bathroom, kitchen or other spaces in our house could also be an investment that will work to our favor in the future in the form of added property value.
Rising electricity is beyond our power to curtail. Let us look into the options for home remodeling in Virginia Beach by asking the experts at The Roofing & Remodeling Company for advice.
(Article Excerpt from Dominion Virginia Power seeks rate increases, Daily Press, May 5, 2014)