Rising energy costs are influenced by a combination of factors, including increased demand, inflation, and the growing cost of materials and equipment needed to maintain and improve the electric system. As demand for electricity continues to grow—driven by new technologies and extreme weather—utilities must invest more in infrastructure to ensure reliability. At the same time, inflation has driven up prices for everything from transformers and poles to fuel and labor, putting additional pressure on overall energy costs. These factors together create a challenging environment where maintaining reliable, affordable power requires ongoing investment.
While utilities work hard to keep rates as stable as possible, consumers also play a key role in managing their own energy expenses. How and when electricity is used can significantly impact monthly bills. Simple actions—like adjusting thermostats, turning off unused lights, running appliances during off-peak hours, and investing in energy-efficient products—can make a meaningful difference.