N O R T H A R K A N S A S E L E C T R I C C O O P E R AT I V E
Factors that impact your energy bills February brings some of the coldest weather of the year. As our home heating systems work harder and longer to keep us warm, we typically see higher energy bills. There are a few key factors that MEL COLEMAN affect electricity usage, as well as a few ways you can make a meaningful CEO impact on home energy savings. When you receive your North Arkansas Electric Cooperative (NAEC) monthly bill, you’re provided with a summary of how much electricity you used during the billing cycle. You can also log in to your account at naeci.com or the NAEC app to see how electricity consumption spiked on colder days or when relatives visited. But you might be surprised to learn that beyond monthly energy consumption, there are external factors that can impact the cost of electricity.
Energy policy and regulations Federal energy policies and regulations can have a profound impact on electricity costs. As energy shifts to intermittent sources, such as solar, and stricter regulations for reliable resources like natural gas and coal increase, costly upgrades and new facilities are needed. These additional costs are ultimately passed on to you. As the demand for power consumption continues to increase, electric cooperatives are working with members of Congress to advocate for common-sense energy policies.
Fuel prices
Extreme weather As everyone knows, no one can control the weather. However, we review weather patterns and forecasts to prepare for increased electricity demand. When temperatures become extremely cold or hot and the demand for electricity spikes, the price can also increase.
Infrastructure and equipment To cover the costs associated with providing electricity to homes or businesses, members pay a monthly service availability charge. This flat monthly fee ensures the cost of equipment, materials, labor and daily operations is covered. To ensure the reliable service members expect and deserve, we must maintain the local grid, including power lines, substations and other equipment.
22
FEBRUARY 2025
NORTH ARK ANSAS ELEC TRIC COOPERATIVE
NRECA
NAEC purchases electricity from our wholesale generation electric cooperative, Arkansas Electric Cooperative Corporation (AECC), then we deliver power to our local communities. The cost of generating and transmitting electricity from AECC accounts for a significant portion of the cost to provide electric service to local homes and businesses. The cost of fuels used to generate that electricity, such as natural gas, fluctuates based on supply and demand. While these fluctuations can impact the cost of electricity, we work closely with AECC to plan and help stabilize the cost to our members.
You have control While many external factors that impact electricity costs are out of our control, you have the power to manage energy use at home. Since heating and cooling account for a major portion of home energy use, adjusting the thermostat to the lowest comfortable setting in winter can help save energy and money. Service your heating and cooling system annually, and replace dirty filters as needed. Seal air leaks around windows, doors and other areas where gaps are possible to help your heating and cooling system work less. As always, we continue to work diligently to provide reliable power at an affordable cost.