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Cheapest Electricity: Yearning for the low-cost of a precious commodity

Cheapest Electricity: Yearning for the low-cost of a precious commodity


On September 4, 1882 the first electrical power station generated electricity for 85 customers in lower Manhattan. It was the beginning of the electrical housing consumption, with a price of five dollars per kilo-watt hour; an extravagant price for today's 14 cent average consumer cost. After the government began regulating energy prices and technology brought a more efficient means by which to deliver it over longer distances, electricity became a commodity affordable to all. It may seem that we now live with the cheapest electricity coursing through our housing. However, even with its lowered price, it annually costs us more nowadays than it did before. This has to do with the fact that we now consume much more of it than we did before, especially in the western world.

The pricing on electricity has to do with a number of factors including what source is used (i.e. coal, nuclear, natural gas), government regulations, their subsidies and even weather patterns. With so many issues influencing electrical pricing, the cost of electricity can vary from nation to nation and even more from within their various localities. Maintaining and operating coal and nuclear power plants tends to be costly, while wind turbine and solar panel farms cost less to operate. During the winter months in countries where snow is common during the season, electrical pricing can climb a few percentiles.

As of 2010, Spain has had the cheapest electricity all around with only 5.55 US cents for every kilo-watt hour, followed by Canada with 6.18, though it has risen since 2007. Denmark had the highest cost of electricity for a European country in 2007 with 42.89 US cents. Since then, you can expect it has raised a few more. The award for the costliest however goes to the Kingdom of Tonga, an archipelago with 176 islands in the South Pacific Ocean, with a staggering 45.70 US cents. The likeliest reasons for this are the importation of oil and the difficulty in constructing an electrical grid over 176 islands.


The cheapest electricity will most likely come from the sun when we have developed more efficient photovoltaic cells that can capture the star's unlimited power. But that is yet to come. Currently there are a number of online websites with links to different electrical suppliers offering cheap electricity. Nevertheless it is best to compare their prices with other companies, for which there are websites for those as well. One way to reduce the cost of electricity and give yourself the cheapest electricity in your house is to install solar panels and wind turbines in your dwelling. Using a solar panel for your water heater greatly reduces your electrical costs and will quickly pay for itself. Nowadays the black panels and the white propellers are much more affordable, being sold in many places; including at the king of bulk, Costco.

The cheapest electricity will always depend on where you are living, thus make assessments of it if you are planning to move. If nothing else, and your humble abode permits it, you can always furnish yourself with the cheapest electricity by becoming your own partial power plant.
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