Electricity is one of the most dependable, abundant, versatile and affordable energy sources available today

Most of us use electricity, either directly or indirectly, at almost all times. However, electricity is so abundant and affordable that it’s easy to take for granted.

Electricity remains an undeniable bargain, and one of life’s great conveniences.

Let’s compare the cost of electricity to other consumer goods. Consider the cost of a gallon of gas 30 years ago compared to today’s price. How about a pound of coffee or a loaf of bread. The cost of electricity is only slightly higher than it was 30 years ago. While this doesn’t take the sting out of rising costs, it does show that the cost of electricity has remained relatively flat, despite its increased use and value to our daily lives.

Whether you consider yourself a bargain hunter or not, you are getting one of the best deals around every time you plug in an electrical device. Sure, you pay your power bill each month, but do you know what you’re really getting?

Here are some common household electronics and how much it typically costs to operate them:

  • Refrigerator: 22¢ for 24 hours
  • Ceiling fan: 10¢ for 24 hours
  • Microwave: 2¢ for 5 minutes
  • Phone charger: 50¢ for 1 year
  • Dishwasher: 4¢ for 1 hour
  • 40-inch HD TV: 4¢ for 2 hours

Source: U.S. Department of Energy

Electricity continues to be a bargain, especially when compared to other consumer goods. Great River Energy and its member-owner cooperatives are committed to providing safe, reliable electricity and keeping your bills affordable.