Cooling Your Jets Could Cost You

July 20, 2015

While it’s hard to focus on anything with scorching temperatures across the DC area, utilities have an important message for consumers. Due to the heat, today’s collective electricity usage has the potential to become one of this year’s peak load periods.

 

What is a Peak Load Period?

 Peak load periods are a look back at your previous year’s electricity consumption and determining the days with the highest demand. The PLC’s have significant influence on your future pricing. The peak load contribution, or PLC tag, is a value that is used to calculate your future rates. In fact, the PLC tag has so much influence over rate calculation, that the PLC could raise the rates anywhere from 10 to 30%. 

 

What Can We Do About It?

The Peak Load Period will most likely be calculated today from 3:00 pm to 6:00 pm. By reducing our energy usage during this period, we have the ability to reduce our overall costs for an entire year. This Peak Load Period is especially significant, as there are no potential peak days in the near future. In an effort to reduce both your energy costs, and our community’s energy costs as a whole, Electric Advisors recommends that you cut down on your energy usage. Turn the lights off, unplug unused devices, and let’s take a green step towards reducing our energy costs. 

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As businesses start the budgeting process for 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland areas. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of options to reduce their energy consumption and control costs. These strategies can offer significant savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors, where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive. Best,
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