The Value of Electricity

These days, we’re all feeling a strain on our wallets as everyday expenses continue to grow. One expense that hasn’t is your Piedmont Electric Cooperative bill as your co-op has not changed its residential rate since 2014. It’s during these times that we’re reminded of the value of electricity.

Family in Fall Outdoors

With fall officially here, we thought it’d be the perfect time to examine how the cost of electricity* compares to our favorite fall purchases.

  • For the price of a box of full-size candy bars, you can watch Hocus Pocus 762 times.
  • For the price of a Batman Halloween costume, you can use your space heater for 495 hours on chilly nights.
  • For the price of a pumpkin spice latte, you can cook soup in your crock pot for 208 hours.

As you can see, your dollar goes further even as the days grow shorter! When it feels like rising costs will never end, remember the true value of electricity when it comes to powering your life.

*Calculations are based on a 50-inch LED TV that uses 26 kWh annually, a $15 box of candy bars, a 1,500-watt space heater that costs $0.08 per kWh, a $60 Halloween costume, a crock pot that uses 31 kWh annually, and a $5 medium pumpkin spice latte.

Always Here for Our Members

As your electric co-op, you can have peace of mind that we’re not in this to make money. Instead, our goal is to provide you with electricity at a good value. This is driven by our third cooperative principle, which is Members’ Economic Participation. As a not-for-profit co-op, when we collect more money than we need to operate in a year, we return that excess back to you in the form of capital credits.

In addition to putting more money back in your pockets, we’re always looking for ways to keep costs down for you. That’s why we offer money-saving programs like our smart thermostat savings program, time-of-day rates and load management.

Supercharge the Power of Your Penny

pennies

Want to make your penny stretch even further? Our time-of-day rate can help you do just that. By signing up, you’ll pay half-price for your power during off-peak hours, which includes, weekends and most holidays. Learn more by visiting pemc.coop/timeofday.

But don’t stop there. Visit pemc.coop/save-energy-money to learn more about all of the money-saving resources available to you.