Understanding Electricity Pricing
Welcome
PEI has seen significant increases in electricity costs in recent times. This website section has been developed to assist our customers in understanding what is happening in the global energy market, what affects electricity costs and how this relates to the bill you receive each month.
We also want to help you with your current household budgeting. Bookmark this page for easy access to the prior, current and next month’s residential electricity rates. You may want to opt to subscribe to the Residential Rate Notifier monthly subscription program and we will automatically email you the next month's residential electricity rate. Another new feature is the new Calculate Your Bill calculator. With this calculator, you can enter what you think your next month's consumption will be and your total bill amount will be calculated using next month’s residential electricity rate.
We hope that you find this new section’s information timely and informative. Please send us your comments on this new section and any electricity rate questions you may have regarding electricity prices and related issues and we will be happy to assist you.
Value For You
In our business we work around the clock to keep the power on.Like clean water and well-stocked grocery store shelves, electricity is one of those things in life that we often take for granted. We expect it to be there when we want it, and in the quantity we want. It is something on which we have become completely dependent. Here’s a short list of things in our daily lives that electricity powers: our refrigerators, stoves, microwaves, washers, dryers, TV’s, home heating and air conditioning, computers, clocks, phone system, cell phone chargers, lights, well pumps, gas station pumps, and so on.
Think about what would happen if there was no electricity for an hour? How about a day? How about a week? How about a month, or even a year?
If someone told you that you could pay only $4.30 per day for something which was literally essential to maintain your way of life, would you pay it? That’s about the same as two large coffees and one donut at the local coffee shop or two bottles of water from the nearest vending machine.
A typical Maritime Electric residential customer consumes around 650 kWh/month. At 2009 costs, this translates into approximately $1,570 (including taxes and service charge) for the year or $4.30 per day.
