Electricity Prices Up Again in 2012

Residential Energy Costs 2013 with Savenia Logo

According to the EIA, residential electricity prices rose again across the US.  Residents of 75% of states (including DC) saw price increases in 2012, with Utah increasing the fastest at 11% vs. 2011. Other big increases in the 7-8% range were WY, ID, NE, HI, SD, MI and VT.

The most expensive electricity in the US was in Hawaii, where residents paid 37 cents per kilowatt hour, over 3x more than the national average of 12 cents. Next was Alaska and NY who paid 18 cents, followed by the North Eastern states of CT, VT, NH, NJ and CA who all paid 16-17 cents, some 50% more than the national average.

The cheapest electricity rates were found in Louisiana, Idaho and Washington state where residents paid between 8-9 cents.

Electricity makes up a large chunk of household budgets and as most consumers absorb these increases, it’s good to know you can take action to lower your bills by looking at Savenia Labs ratings for energy efficient appliances, light bulbs and other electrical items.  And since electricity to power these products creates air pollution, saving energy is both good for your wallet and good for the environment.

Savenia Labs Energy Ratings use ZIP code based regional energy prices and carbon footprint data to give shoppers the most relevant information to aid their buying decisions.  A coffeemaker that costs $200 to run over 5 years in Maryland will cost over $600 to run in Hawaii, and our ratings and labels reflect this reality for local buyers.

Go in to a participating retailer and take action to reduce your electricity bill on your next purchase.

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Savenia Labs Launches First Dehumidifier Energy Rating Labels

We are delighted to announce today the launch of the first dehumidifer Energy Rating Labels, now available in participating retail stores.

After trying to buy a dehumidifier for a damp basement and wading through the confusing size and energy recommendations – we decided to dramatically simplify the buying process for everyone else. Now shopping for dehumidifers with Savenia Labs is easy as 1-2-3. Choose the size you need based on the square footage of your basement, go to a participating Savenia retailer or our smartphone site and compare the models, and start saving money. We were surprised by what we found. Dehumidifers that cost $100′s to buy can cost $1000′s to run over their lifetime.

Now you can know…BEFORE you buy. The launch press release can be found here.

During the humid summer months millions of households use dehumidifiers, and now there’s a simpler way to buy energy saving models with information right on the store shelf. All Savenia Labs Energy Rating Labels are customized for energy costs and carbon footprint based on store zip codes. Participating retailers can download localized labels and print them in the store.

Check out Strosniders True Value selection of dehumidifiers in both Bethesda and Silver Spring MD and let us know what you think.

Still more Energy Ratings to come so keep checking in with us and follow along on Facebook.

Savenia Labs Energy Ratings Confirmed by Top 20 Accounting Firm Reznick Group

We are delighted to announce that the Reznick Group, a Top 20 Accounting firm based in Bethesda, MD has audited and confirmed Savenia Labs Energy Ratings data for 3 appliance categories. This audit, which was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, included verification that the Savenia Labs methodology was applied consistently to all appliances in the selected appliance category.  A summary of the audit report is available on our website here.

We asked Reznick Group to audit our data because consumers are concerned with greenwashing – companies making claims about the environmental impact of their products without sufficient factual or scientific evidence.  Even though Savenia Labs is already an independent testing laboratory that buys and tests every product ourselves, without manufacturer donations or consent, we decided to go further and have our Energy Ratings externally audited.

We aim to be the company you can rely on for appliance energy and environmental impact information, based on high quality work and lack of bias. This audit, together with the audit we completed to become Bethesda, Maryland’s first Benefit Corporation, and the results of our environmental reports are part of our commitment to transparency in serving the public interest.  For a complete list of our audit reports see the Mission / CSR section of our website here.

Savenia Labs Launches ‘Bright-Light’ Energy Rating Labels

Today, Savenia Labs launched a new ‘Bright-Light’ version of our Energy Rating labels in Strosniders True Value Hardware stores.  The design has been given a splash of ‘Bright-Light’ to help shoppers quickly and easily find the Lifetime Energy Cost of running an appliance.  Now, with just a glance, shoppers in the store can compare which toaster oven on the shelf is the most energy efficient and which coffee maker will cost the least over the product lifetime.  Take a look inside Strosniders Hardware Stores in Bethesda and Silver Spring and let us know what you think.

What We’re Reading: “If Only We Spent More Energy on Conservation”

What motivates someone to conserve energy? Certainly necessity can – if you don’t have enough money to pay your electricity bills, you’ll be highly motivated to reduce the electricity you use. According to Michelle Singletary writing in the Washington Post last Sunday, that’s exactly what got her grandmother, “Big Mama,” to become the energy efficiency maven she was. Ms. Singletary grew up without a clothes dryer, turning off all the lights, and unplugging her appliances. She makes a convincing argument that times have changed.

How many people unplug their appliances? Go without a dryer? A dishwasher? Multiple television sets? In this day and age, despite tightening household budgets due to the recession, it seems like the answer is: not many. Are people getting lazier or is wealth making the energy bill less important? Ms. Singletary argues that we need to change the way we talk about saving energy – create a Groupon-type craze about saving money to make sure you get the cheapest energy bill on the block.

Here at Savenia Labs, we think one of the largest impediments keeping people from saving money on energy is the fact that nobody knows how much they’re spending to power the appliances and electronics in their houses in the first place. How can you buy an energy efficient appliance if there is no information available as to that product’s energy efficiency? Now, that’s changed. At least in Montgomery County, Maryland where consumers can buy energy efficient appliances with the help of Savenia Labs Energy Ratings labels at Strosniders True Value Hardware Stores. Here we’ve noticed that when people know how much energy their appliances will use and how much that costs, they buy more energy efficient appliances. And this results in a win-win-win. People save money, innovative manufacturers are incentivized to come out with better energy saving products, and all of this translates into less air pollution so a win for the environment.

So what motivates you to save energy?

$3.5m Halloween Porch Lights – Now That’s Scary!

$3.5 million. That’s how much we estimate Americans who still use traditional bulbs will spend tonight from 6-9pm on their incandescent porch lights for trick-or-treaters. The power plants that produce this electricity will fill 350,000 gasoline tanker trucks with air pollution over this 3 hour period. If Americans switched to CFL lights the numbers drop by 75%, and the bulbs last 8x longer. Now that’s a real treat for Halloween!

Addendum November 2 2011

After this post we received a number of questions, comments from consumers who had problems with CFL lights breaking before the end of their advertised life. We did some research on this and found that all Energy Star qualified light bulbs are required to offer a manufacturer warranty of 2 years to consumers. (For more information click here: http://www.energystar.gov/index.cfm?c=cfls.pr_cfls_warranty). You may need to keep your receipt to take advantage of these warranties – contact your retailer or the manufacturer for details.

Prices for more efficient light bulbs have fallen dramatically over the past few years so you can now get a CFL for under $2 each (for a 60 watt equivalent).

 

Poll Result: 95% Looking for Appliance Energy Information

Do you look for energy info when shopping for appliances? Our Facebook followers do.  By a huge margin, too.  67% of respondents to our Facebook straw poll told us that they always look for energy usage information on the products they buy while 28% said they looked occasionally.  Only 5% said they never do.  We think awareness is growing nationwide about the importance of energy usage in lowering monthly utility bills and going easy on the environment.  A large part of that awareness was generated by the EPA Energy Star program, which sets efficiency guidelines for manufacturers that want to use the self- certification labels on their products in retail stores.  The impact has been enormous.  In 2010, Energy Star claims to have helped Americans save about $18 billion on utility bills.  That’s a huge number – and considering that the program only covers a fraction of the top selling electric appliance categories – imagine the impact of expanding energy information to the rest!

That’s what Savenia Labs is doing.  We’re imagining the impact on individuals and businesses of providing energy usage data for the next 100 or 1,000 product categories.  This Fall Savenia Labs is releasing our first set of product energy ratings, so make sure to check back here to find out how you can get the facts before you buy.  Also check out our facebook page to enter our newest contest and win a free lab tested appliance www.facebook.com/SaveniaLabs.