Electricity truly powers our lives. We use it at almost all times – either directly or indirectly. It not only fuels what we consider necessities – lighting, refrigeration, water heating or air conditioning, it is also essential for today’s technological advances like cell phones, televisions and computers.
It’s so abundant and affordable that most people only think about it when the power goes off. Consumers often point to the rising cost of electricity, both now and in the future. However, compared to other goods, electricity prices have remained relatively low. In fact, West Florida Electric members are seeing rates as low as they were back in 2008, according to Russell Dunaway, WFEC Executive Vice President & CEO. WFEC’s rates for 1,000 kWh also continue to remain lower than the local investor-owned utilities. This is quite an accomplishment when you consider that your cooperative serves approximately six members per mile of line, while the local investor-owned utility serves 50 to 60 consumers per mile of line.
Plus, when compared to the rising cost of other consumer goods like gasoline and beef, electricity costs have remained relatively stable. Despite increases in the cost of generating and delivering electricity, it remains a good value. WFEC is committed to providing safe, reliable electricity and keeping your bills affordable.
Did you know that for less than $5 a day, you can keep your home at a comfortable temperature, bathe in hot water, cook your meals, wash your clothes, watch television and power your smart phone? Now that’s a bargain!
On average, for every dollar you spend on electricity, here’s what you get:
• 744 slices of toast
• 493 smoothies in your blender
• 190 microwave meals
• 158 hours on your laptop
• 119 hours of cool air from your ceiling fan
• 68 gallons of homemade ice cream
• 59 hours of play time on the Xbox
• 32 hours of use from your refrigerator
• 22 hours of use from your deep freeze
• 19 load of laundry (washed)
That’s a lot of value for just $1! So the next time you power up your computer or grab a cold soda, remember that value starts here. As a member-owned cooperative, our goal is to use your money wisely to ensure a bright and prosperous future. We value your membership. We value you.