. Is there that much of aa actual difference between what they charge and what they pay for electricity?
IT is usually itemized on the bill. And probably varies by region.
I just used those numbers for example because that is what they used in the article.
My rural Coop pays about 7 cents per kwh for wholesale (they call it generation and transmission) and charges me another 3 cents per kwh to get it to my house (they call this distribution). Then there is a flat $50 meter fee.....(so I use ~2000kwh.....that factors to about another 2.5 cents per kwh on the total bill) So in total I pay ~12.5 cents per kwh for using 2000kwh. But the less I use....the more I pay if you factor the total.....because that $50 is a fixed fee.
I have a rental property on AEP and only get a bill from them when I'm between tenants.
Last one was for 2183kwh.....
They separate the generation and transmission
Generation: 5.3 cents
Transmission: 2.9 cents
Distribution : 4 cents
And they only charge a flat $10 meter fee. So at 2000 or so kwh....thats ~1 cent per kwh
Total of 13.2 cents per kwh
I've inquired about solar. With my rural electric coop they separate the generation and transmission charges if you want to go solar. (they are lumped together for everyone else to simplify the bill as no one really cares).
But they too are ~5 cents per kwh for "generation".....which is all you get for "credit" if you have solar.
So if I use 2000kwh my bill would be ~$250 currently. If I went solar......they have to use a different meter which cost $10/mo more.....and I only get the generation portion knocked off IF I produce all 2000kwh. So if I installed solar capable of makeing 2000kwh/mo....I would STILL pay $160/mo to the electric company.
And $90/mo savings just isnt enough. $16,000 would be the limit for 10 year payback. And a system to produce 2000kwh/mo cost 2x or 3x that. 20-30 year payback on solar.....no thank you
Further......Im in ohio. Winter is my highest usage when heating. Also when the panels produce the least. That further complicates things