As of Wednesday, February 21, 2018
In today’s world, you won’t find many items that cost less than $5. You can purchase a gallon of milk, a gallon of gas or a value meal somewhere. But did you know that an average day’s worth of electricity costs less than $5?
Even in our country’s shifting energy climate, electricity remains a good value. I urge you to think about your daily necessities (electricity and gasoline, to name a couple), and then think about the cost of what we pay for certain items on a daily, weekly or monthly basis. Nowadays, I would bet that many of us may pay more for our cell phones than we do for electricity at our house.
Electricity has, for many of us, gone from a luxury commodity to a necessity and an expectation. We expect the lights to come on when we flip the switch, and we expect our power to stay on during the best and worst conditions. How else would we keep our food fresh, our homes cool in the summer or warm in the winter? It is easy to take a look at some of the “need vs. want” items we routinely buy to save a few dollars. But we cannot simply cut electricity out of our budgets if times get tough or we decide that we want to scale back our spending in order to save.
Perhaps that is why it is so upsetting to us when our rates increase, even if only in small increments. It is nearly impossible for us to think about what our lives would be like if we did not have electricity. If at times it doesn’t seem that electricity is affordable, remember – even as the demand for electricity grows – annual cost increases still remain low, especially when compared to other consumer goods such as medical care, education, gasoline and, yes, even value meals. Electricity is still a great bargain.