Electricity costs money.
You might say to me, “Ryan, obviously.”
Everyone is aware that they have to pay for electricity. Few people, however, ever consciously consider the relationship they have with their electricity provider (also known as your utility).
Rather, the electric bill is mentally-filed under the category “once-a’s.” As in, the bills you have to pay once a month, month after month.
It’s an expense that seems to be a fact of life.
However, facts of life that cost you a large amount of money over time deserve to be looked at a little more closely. Wouldn’t you agree?
In this post, let’s take a look at how much electricity has cost you over the past.
**How many years have you been paying PG&E?**
Over time these monthly payments add up to a lot of money.
I ran some quick calculations on a spreadsheet and here are the results:
*If you currently pay $100 a month for electricity*, it will have cost you over $17,000 to power your home over the last 25 years.
What if you pay $200 per month? That’d most likely cost you over $32,000 to power your home during the last 25 years. And by the way, I’m using a historical rate increase of 5.5% per year. If you want to see the spreadsheet where I ran these calculations, reply to the email and I’ll share it with you.
“Okay Ryan, I get your point. I have to pay for electricity. It costs money. More every year. But it didn’t cost that much to power my home over the last quarter century. A chunk of change, no doubt. But with how you were talking earlier in this email, I thought the cost would be much more.”
Stick around. In the next email, we’ll look at how much electricity will cost in the future.