Because electricity is so abundant, most folks do not think much about it. Since many of you have been spending more time at home over the past few months, you have likely been using more energy. And yet, we still expect an endless supply of power with uninterrupted service 24/7.
Given how electricity powers our modern lifestyle, it’s a great value, especially when compared to other common services and expenses. For example, think back to the cost of a gallon of gasoline 20 years ago. Consider the cost of groceries or a cup of your favorite specialty coffee from a few years back. In comparison, the cost of electricity has remained largely flat, unlike most other consumer goods.
Most people now have a cell phone to stay connected and subscribe to cable channels or streaming services to enjoy more viewing options. You can see what you are getting for your money when you pay for those services. In contrast, when you use electricity, you do not necessarily “see” all that you are getting for your money.
But considering what electricity does, it’s a tremendous value for quality of life as well as budgets. For comparison, consider that the average rent increase was nearly 4% (from 2014-19) according to the Bureau of Labor Statistics Consumer Price Index (CPI). The cost of medical care had increased 3% during this time, and education was not too far behind at 2.6%. So, where did electricity rank? According to the CPI, electricity increased by less than half a percentage point, 0.4%.
The bottom line: electricity is of value every day. In fact, Heartland REMC members’ outages in 2019 averaged less than two hours. Considering that electricity is something that we all use around the clock, we very proud of our track record. At the same time, we are striving to increase our service reliability, reduce those brief interruptions and reduce costs. We are continually working to improve our operations to ensure a smarter grid and are exploring more renewable energy options where possible.
Heartland REMC provides the reliable service you expect and deserve as valued members of the co-op.
We recognize that the past few months have been challenging for many of our members and we’re here to help. If you have questions about your account or are looking for ways to save energy at home, please give us a call. Heartland REMC is your electric co-op and our sole purpose is to serve you and the needs of our community. That’s everyday value.