For those wondering what their power bill might look like this November, there are several factors that go into power bill totals, including supply charge (the price paid per kWh). Here are some other key charges that will impact the total amount paid:
- Delivery charges: Utilities charge for delivering electricity or gas to each home. This includes maintaining the infrastructure, like power lines and pipes, and may vary depending on location.
- Capacity charges: Some regions charge for ensuring enough energy capacity is available to meet peak demand, especially during high-usage periods like summer.
- Taxes and fees: These can include local, state, and federal taxes, as well as regulatory and environmental fees.
- Metering and service fees: Utilities may charge for reading and maintaining the meter, as well as for general account services.
While it's hard to predict what potential delivery charges, taxes, and fees might be, the supply portion of your monthly bill can be determined based on where you live. It starts with a simple calculation:
Monthly Bill = Average Usage (kWh) × Rate (¢/kWh) ÷ 100
For a Pennsylvania household with average usage of 791 kWh and a rate of 10.459¢ per kWh, your estimated supply charge in November would look like this:
Monthly Bill = 791kWh×10.495¢/kWh÷100
Monthly Bill = $83.01
The actual bill will vary depending on your household's specific energy consumption and size, but this calculation gives a good sense of what to expect. Keep in mind, bills will fluctuate with colder temperatures leading to higher heating needs in the winter months.
Pennsylvania's deregulated energy market allows homeowners to shop for competitive electricity rates. This can provide savings compared to the default utility rates. Here's an overview of some of the competitive rates currently available in Pennsylvania. These are rates that are available now in the state that are lower than the current utility rate: