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Do record setting temps = record setting bills?

My electric bill hit an all-time high of $208.61 for the month of June. I should receive my July bill shortly. I'm almost certain that the record heat in North Carolina will cause another record electric bill. Are you feeling the heat too?

Here's a statement from my electric company, issued today:

  • Between 4 and 5 p.m. Tuesday, Progress Energy's 1.4 million customers in the Carolinas used an estimated 12,232 megawatt-hours (MWh) of electricity, as cooling systems worked overtime to battle triple-digit temperatures. That figure surpassed the previous record of 12,004 MWh set the morning of Jan. 24 this year. The previous summer peak-demand record was 11,977 MWh set in July 2002.

Here's a great site that explains how electricity is measured, and an example of how it is priced.

Based on research from my power company - it appears that I pay $6.75 per month, then 8.658 cents per KiloWatt-hour. Of course sales taxes are added to those fees.

This makes me want to go read my power bill more closely (I wish I had a copy of it with me at work!) Maybe next month I'll give a detailed analysis of my electric bill.

Thanks for reading! Y'all keep cool! mortgage calculator

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