What is the Value of Electricity?

Jul 4, 2012 12:30 PM ET
Campaign: 2012 Storm

We understand that electricity is vital to our lives – we use it every day. The cost of energy is also important and our responsibility has always been to provide and deliver reliable and affordable electricity to meet our customers’ needs.

Have you ever considered what $1.00 of electricity buys? For just $1.00, the average Indiana & Michigan customer can brew over 800 cups of coffee, keep a CFL on for over 450 hours, wash about 25 loads of laundry, spend 40 hours on the computer AND play 200 of your favorite 2-hour movies. Compare that to spending $1.00 at the gas station, which will provide less than 1/3 of a gallon of gas.

The fact is….the price of electricity hasn’t risen like the price of other commodities.  Electricity is a tremendous value, but you have the ability to stretch this value even further. For example, unplug appliances when not in use, install CFLs and take advantage of a programmable thermostat.

These short videos from SWEPCO and Indiana Michigan Power demonstrate the value of electricity.

AEP - American Electric Power
AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S.  AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.

AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).