High electricity bills Prepare for another spike in energy prices: High electricity bills
In Oregon, for example, electricity rates fell nearly 1.5% in January and less than 1% in February, although some companies like Portland General Electric raised their rates slightly. Even so, the tariffs for this public service remain well below the national average. The utility, the largest in the state, gets about 20% of its electricity from hydroelectric dams, 13% from wind turbines and 2% from solar panels.
The utility also recently installed software to improve its ability to integrate power from sources such as rooftop solar panels and batteries, neighborhood by neighborhood and business by business. This gives the business more control and flexibility.
Many power grid operators and utilities have not invested in such tools and cannot monitor and control small energy systems to choose – the cheapest renewable energies during the day, taking into account that the sun is shining and the wind is blowing.
“We have been focused on renewable energy for more than a decade, leveraging technologies to enable us to integrate ever-increasing amounts of renewable energy at the lowest cost to customers,” said Maria M. Pope, Director General of Portland General, in an interview. .
In much of the United States, utilities are struggling with the growth of rooftop solar. California regulators have proposed to drastically reduce incentives for residential solar systems, though the measure has stalled due to opposition from the solar industry and homeowners. In Florida, Governor Ron DeSantis recently vetoed a utility-backed bill that would have effectively removed incentives for roof panels.
Still, utility executives said they know they can’t keep raising rates, especially as more people use the grid to power electric cars and heat pumps.
Overall, greater reliance on the power grid will reduce costs, said Richard McMahon, senior vice president of energy supply and finance at the Edison Electric Institute, a utility industry group. Electric cars and heat pumps, for example, will require less maintenance, eliminate filling up at gas pumps and reduce heating bills.