Oasdom Factos affecting electricity price
Oasdom Factos affecting electricity price

The amount of power used by your household influences your electric bill. The time in which you use energy could also be a significant factor in your electricity price.

For instance, the peak hours for electricity demand are highest in the afternoon and the early evening.

During these peak hours, wholesale electricity prices are usually higher. Supply and demand affect the cost of how electric power gets to your home.

Also Read: Did you know that the web and internet are two different things

Some electricity plans charge different rates at different times of the day because of this.

Here’s a quick infographic by Vault Electricity that gives more insight

What Factors Make Up Your Electricity Price? #infographic

Did you find this helpful? Please like and share..



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.