Defend Against Future Rate Increases and Outages, plus Reduce your Current Electric Bill
As the US population grows, its energy demand follows. More iPads, mobile devices, and in the future, electric cars. Yet the nation’s utility companies have made few changes to the grid’s 1920’s infrastructure to accommodate modern technology and growing demand. As a result, we are seeing more frequent outages, rolling blackouts, higher failure rates and maintenance and repair costs that are ultimately passed on to ratepayers. Solar energy allows us to be less dependent on the utility company by allowing us to produce a significant portion of the energy we use. With Kohler Home Generators, we don’t have to worry about outages either. Take control of rate increases, costs, and outages with Greenspring Energy.
Solar and energy efficiency can permanently and effectively reduce your utility costs and reduce your grid dependence.
The Future of Utility Rates
Rates are expected to rise 4-6% for the next twenty years as three large trends impact overall pricing:
- Increased demand in the US and around the world for energy producing commodities
- Increased environmental regulations on coal fired power plants, resulting in costs being passed on to customers
- Transmission infrastructure needs to be upgraded, costing billions of dollars to utilities and costs need to be passed on to customers
Rooting for Natural Gas?
The natural gas industry has been historically cyclical in supply and demand and volatile in prices. Oversupply of new natural gas reserves have dropped prices, but the supply and demand curve is balancing, and rates of natural gas are expected to go up as much as double current pricing in the next 2-3 years. At today's retail pricing, many suppliers are not profiting from natural gas. Several independent energy analysts have projected natural gas prices to steadily increase over the next 20 years as industry goes through restructuring and demand increases from other nations like China and India.