According to the U.S. Energy Information Administration the average household in the United States spent $107.23 on electricity in 2015. The average price per kilowatt-hour (kWh) was 10.54 cents. But as you know electricity rates can vary greatly from state to state and even within states. So when are electricity rates the lowest?
In general electricity rates are lowest during the daytime when people are using less power. That’s because there’s more demand for power at night when everyone is home and using lights TVs and computers. The demand for electricity is also higher in the summer because people are using air conditioners.
However there are a few other factors that can affect electricity rates such as:
• Time of day: Rates are usually cheapest during the daytime when people are using less power.
• Season: Rates are typically higher in the summer because people are using more power for air conditioning.
• Location: Rates can vary greatly from state to state and even within states.
• Supplier: The company that provides your electricity can also affect rates.
To get the best deal on electricity it’s important to understand how these factors work and how to shop around for the best rates.
Time of Day
As we mentioned electricity rates are generally cheapest during the daytime when people are using less power. That’s because there’s more electricity available during the daytime when the sun is shining and people are at work.
However there are some exceptions. For example in California the peak demand hours are 4 p.m. to 9 p.m. So if you live in California you’ll want to use less power during those hours to avoid paying higher rates.
Season
Another factor that can affect electricity rates is the season. Rates are typically higher in the summer because people are using more power for air conditioning. In fact air conditioning is the biggest use of electricity in the summer accounting for about 6% of all electricity use.
So if you want to save money on your electricity bill it’s best to use less power during the summer. You can do this by setting your thermostat a few degrees higher using fans instead of air conditioning and turning off lights and appliances when you’re not using them.
Location
One of the biggest factors that can affect electricity rates is location. Rates can vary greatly from state to state and even within states. For example the average residential electricity rate in Texas was 10.54 cents per kWh in 2015 while the average rate in California was 18.65 cents per kWh.
This is because electricity rates are set by state regulators. So if you want to save money on your electricity bill it’s important to compare rates in your state and shop around for the best deal.
Supplier
Another factor that can affect electricity rates is the company that provides your electricity. This is because electricity suppliers can set their own rates. So if you want to save money on your electricity bill it’s important to compare rates from different suppliers.
To find the best electricity rates it’s important to understand how these factors work and how to shop around for the best deal. You can use ElectricityRates.com to compare rates from different suppliers in your state.
We hope this article has been helpful. If you have any questions please feel free to leave a comment below.
What time of day are electricity rates the lowest?
Electricity rates are typically the lowest during the early morning hours and late at night.
What time of day are electricity rates the highest?
Electricity rates are typically the highest during the midday and early evening hours.
Why are electricity rates lower during the early morning hours and late at night?
Electricity rates are lower during the early morning hours and late at night because demand for electricity is typically lower during these times.
Why are electricity rates higher during the midday and early evening hours?
Electricity rates are higher during the midday and early evening hours because demand for electricity is typically higher during these times.
What are some ways to save on electricity costs?
Some ways to save on electricity costs include using energy-efficient appliances turning off lights and electronics when they are not in use and using natural lighting whenever possible.
What is the difference between power and energy?
Power is the rate at which energy is used while energy is the actual amount of power used over time.
How is electricity generated?
Electricity is generated by a variety of methods including nuclear hydro solar and wind power.
How does electricity get from the power plant to my home?
Electricity gets from the power plant to your home through a system of power lines and transformers.
What are some of the dangers of electricity?
Some of the dangers of electricity include shock fires and electrocution.
What should I do if I see a downed power line?
If you see a downed power line you should stay away from it and call your local utility company.
How can I prevent an electrical fire in my home?
You can prevent an electrical fire in your home by avoiding overloading circuits using extension cords safely and maintaining a clean and dry home.
What is an electrical shock?
An electrical shock occurs when electricity flows through the body causing tissue damage.
What are the symptoms of an electrical shock?
Symptoms of an electrical shock include loss of muscle control burns and difficulty breathing.
How can I prevent an electrical shock?
You can prevent an electrical shock by avoiding contact with downed power lines water and metal objects.
What should I do if I experience an electrical shock?
If you experience an electrical shock you should immediately call for medical help and avoid moving until help arrives.
