I put this too you... Can you actually save money by saving power?

Western society is profit driven - it’s the curse of capitalism. So, is it actually possible to save money by reducing your power consumption?

The cost of electricity continues to increase year by year. If the population in general reduces their power consumption in an effort to save money, the power companies are no longer making the money they once did, their profits are reduced. Their natural reaction to reduced profit would be to increase the cost of the product they supply, that being electricity. We see this all the time with just about every product available... do they ever get cheaper? Only if there is a lot of competition or there is market saturation, or both.
They could try to make us use more power, but we’re trying to cut back because we’re told it’s harming the environment and it’s costing us money. We are a captive audience, our lives revolve around electricity.

So would this not create the scenario of “the less electricity you use the more it costs”? I think it will, because the power companies are not in business for the love of it. They’re in it for the money.

I don’t believe simply reducing your electricity usage will save the environment or your back pocket. The only way the environment will be protected from further damage is if the electricity suppliers source their product from environmentally friendly sources, not by the populace using less. The only way to save your back pocket is to let your money do the talking and change suppliers to ones that offer sources of electricity from environmentally friendly options.

Something to think about.

Tags: environment