Residential Electricity: Where do we Actually Overspend?

Residential electricity is a very general term that covers a lot. It covers our entire use of electricity within our homes and that includes appliances, air conditioning, heaters, a bunch of leisure electronics and more. Luckily, there are statistics that can shed some light into how an average household spends its electricity.

Heating

Believe it or not, statistically speaking, the use of residential electricity for space heating is lower now than it was in the seventies. Taking into account that there are more households now than there were back then, this shows a drastic drop in electricity usage for heating. This is due to the fact that there have been several innovations in insulation and window construction that have significantly improved the energy efficiency of a home. In addition, heaters now are more efficient and they use less electricity to provide the same results.

Is Heating Still a Big Factor?

In light of this information, the question that arises is whether space heating is a large contributor to the residential electricity consumption. The answer is still yes because heaters do consume a lot of power and they are frequently used to regulate temperature. Implementing some regulatory measures and making sure your home is well insulated can lower your electricity bill.

Air Conditioning

The redundancy in the use of air conditioning is greater than the one in space heating. Household residents often make the mistake of overcooling and over-drying the air in an attempt to bring the temperature down. How much energy you waste, usually depends on where you live and how hot the summer actually gets.

The Number of Household Appliances

Statistics also show that the rise of the living standards in the U.S. has created an increase in the number of household appliances. The price of appliances is lowered, so now the average home is better equipped and draws more energy every day.

Dishwashers and dryers used to count as commodities, but today they are easily accessible to every household. They are both large electricity consumers and they contribute to your overspending.

The Impact of Modern Electronics on Residential Electricity

Modern electronics are made to consume as little electricity as possible, but their use does add up. If we take a look at the changes that have happened over the last 20 years, we can easily conclude that our current lifestyle demands a lot more electricity.

The average household now has several computers, phones, tablets and these are accompanied by a rise of TV units per household, DVRs and other leisure electronics. If we compare how much all of them spend in one hour, it might be lower than the electricity spent by the dishwasher in the same time frame.

However, you should consider the fact that a dishwasher usually works one hour per day, while leisure electronics are widely used throughout the whole day.

You Might Be Overpaying Your Supplier

Regardless of how much electricity you consume, you should always consider that you may be overspending by paying higher rates for the electricity. Luminext can analyze your electricity consumption and find the best supplier for your needs. Contact us today and find out how we can help you reduce your electricity bill.

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