Is saving the environment gonna hurt your wallet.

@Erratic (724)
Australia
June 6, 2008 8:49pm CST
At every turn we are asked to save water, electricity, gas but I'm starting to think that this will only lead to increased utility charges. Suppose everyone cuts down on electricity by say 20%, the elcom then loses 20% of its revenue so ramps the prices up to cover it. That's my line of thinking.
3 responses
• Philippines
7 Jun 08
I don't think it would hurt your wallet. The result i guess will be the opposite which is saving some money when you have consumed less, you will pay less. And why would the utility companies increase their price for that reason? are there no government regulations to control that? it's not fair for the utility companies to pass their losses to the consumers. But what I think is that, when you consume less, you will save more and make the environment safer for us to live.
@Erratic (724)
• Australia
7 Jun 08
I hope you are right, but I think corporate greed will prevail.
• United States
7 Jun 08
i can see it go both ways
• United States
7 Jun 08
i know i cant afford to do more than what i stated in your other discussion.. i cant afford those bulbs and wouldnt even have the two i got but my electic company had a thing to help you budget your energy use and gave you two free in a little kit.. but like organic things i cannot afford so i eat crappy but oh well.. its either that or starve healthy if that makes any sense
• United States
21 Jun 08
thanks for the BR!!
@Ldyjarhead (10157)
• United States
21 Jun 08
It's a little known fact that electric companies product the same amount of electricity 24 hrs a day. If you use a lot of electricity during the peak hours and they can't produce enough, they have to purchase the additional energy from another source. That results in higher costs, which are likely passed on to you, the consumer. Likewise, if they have excess available during non-peak times, it is wasted as there is no easy way to store electricity. If you cut down on your electricity usage, or do your laundry, bathe, run the dishwasher, etc during non-peak hours, you will be saving the electric company and those savings will likely pass on to you.