How to Protect Yourself from Utility Bill Increase
Utility bills are an inescapable part of modern life.
Will Climate Change Affect My Utility Bills?
If the recent weather in Texas has proven anything, it’s that energy grids aren’t infallible—even in the land of 10-gallon hats.
Climate Change and Carbon Tax
Residential utility prices may rise as economies shift from fossil fuel-based energy production to green energy production over the next few decades. According to the International Monetary Fund (IMF), carbon taxes designed to offset the effects of climate change will likely trickle down to consumers, pushing household bills up 43% by 2030.
Why Do Utility Bills Increase?
Utility bills increase for many reasons—and some of them are easy to fix. If you’ve run through more kilowatt hours lately, check your insulation, change your light bulbs and vanquish energy vampires in your home.
Can Utility Companies Charge Any Price They Want?
In short, no, utility companies can’t charge any price they want. They have to justify generation and distribution rates—and they do this via a process called ratemaking.
How To Protect Yourself From Utility Bill Increases
- Check Your Meter - Scrutinize Your HVAC System -Update Old Appliance - Contact Your District Representative or Congressperson - Seek Legal Advice
You can’t always protect yourself from utility bill increases, but you can nix energy vampires, replace failed insulation and tackle other common issues—and you can try to reduce the amount of energy you use.
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