Electricity consumers in Westfield, IN spend an average of $170 a month on their bills. This equals $2,041 each year.
This is 10% more than the national average electric cost of $1,864 per month. The average electricity rate in Westfield, IN is 14 cents per kilowatt-hour (kWh), which implies that the average power user in Westfield, IN uses 1,246 kWh each month and 14,952 kWh per year.
In Indiana, what is the typical power bill?
Indiana’s electricity bills The average monthly household electricity bill in Indiana is $178, which is derived by multiplying the average monthly consumption by the average electricity rate: 1,240 kWh * 14 /kWh.
Is Westfield a good neighborhood to live in?
The only Indiana city on the list is Westfield, which is rated sixth. According to the website, the city’s population has increased by 45 percent in the last ten years, which it attributes to a variety of factors, including a solid school system.
“With a 97 percent graduation rate, Westfield High is the fourth-best high school in the Indianapolis area and the ninth-best in the entire state,” according to the website.
In 2020, Project Lead the Way, a STEM-focused non-profit, recognized Westfield High a Distinguished School for its achievements in science and technology.
In order to determine its ranking, Money looked at housing, health and safety, education, weather, lifestyle, and amenities for both safety and entertainment.
Evans, Georgia, Parker, Colorado, Meridian, Idaho, Rockwall, Texas, and Columbia, Maryland are the top five cities on the list.
What’s it like to call Westfield, Indiana home?
The northernmost suburb of the broader Indianapolis Metro Area is Westfield, Indiana. This is one of Indy’s most popular neighborhoods, with high ratings and a family-friendly atmosphere. If you’re wondering if Westfield, Indiana, is a nice area to live, a fast online search will tell you it is. However, there may be a few details regarding Westfield that aren’t available online. Some things are only known if you have lived or worked in the area for a long period. If you’re considering relocating to Westfield, Indiana, consider the following advantages and disadvantages.
In Indiana, how much do utilities cost each month?
Indiana residents pay an average of $411.36 per month for utilities, according to a website that seeks to assist movers: $108.09 for electricity, $103.17 for natural gas, $60.16 for internet, $100 for cable television, and $40 for water.
Why is Indiana’s electricity so expensive?
The cost of generating and delivering power to homes, companies, and industries is gradually rising in Indiana’s electric utility industry. While electric companies are always improving their efficiency and working closely with state regulators to keep electricity prices as low as possible, rising costs are becoming unavoidable in Indiana and around the country.
The average power price for Hoosiers has risen over the previous 10-15 years for two reasons: sales are flat or declining, and investor-owned electric companies have made major investments in:
- building of new coal and natural gas power facilities that are cleaner;
- installation of pollution control technology worth billions of dollars to comply with federal environmental standards; and
- The electric grid is being upgraded and expanded.
Electricity Prices for Customers Have Increased Over Last 15+ Years
Industrial Interest Rates. Average industrial electric rates in Indiana were the 11th lowest in the United States in 2001, according to statistics from the US Energy Information Administration, which includes data for investor-owned, municipal, and electric cooperative utilities (kwh). Indiana’s average industrial rates in 2018 were the 29th lowest in the country, at 7.16 per kwh, a drop of 18 positions and a 74% rise. The state with the highest rise (82%) in the region was Kentucky. In addition, Ohio (57%) Illinois (43%), and Michigan (43%) all saw increases in their average industrial electric rates that were higher than the national average (37 percent ).
Rates for business. Indiana had the third lowest average business electric rates in the United States in 2001, at 5.29 per kwh. Indiana ranked 30th lowest in 2018, at a rate of 10.36 per kwh, a 27-place decline and a 96-percent gain. Kentucky (84%) and Michigan (48%) both had increases in average rates that were higher than the national average (35 percent ). Only 21% and 17% increased in Illinois and Ohio, respectively.
Commercial electricity rates ($/kWh) on average
Rates for residents. Indiana had the 9th lowest average home electric rates in the United States in 2001, at 6.92 per kwh. In 2018, Indiana’s average residential rates were the 15th lowest in the US, at 12.02 per kwh, a six-place reduction and a 74 percent gain. Greater increases were seen in Michigan (88%) and Kentucky (87%) respectively. The gains in Ohio (48%) and Illinois (44%) were lower than the national average (50 percent ).
Residential electricity rates ($/kWh) on average
Investments in Pollution Controls, New Power Plants, and Transmission & Distribution
The electric utility industry is one of the most capital-intensive industries in the country, with many of its expenditures directly related to investments in and maintenance of power plants, transmission and distribution lines, equipment, and structures used to supply electricity. A utility’s money spent on energy is divided into two categories: costs and capital investments.
According to the Indiana Department of Environmental Management (IDEM), since 2001, efforts in pollution controls and cleaner coal technologies have resulted in a considerable reduction of potentially dangerous emissions in Indiana.
Emissions in Indiana (20012018)
The electric power sector in Indiana is increasingly relying on natural gas to generate electricity. In reality, natural gas consumption in Indiana has increased dramatically. Natural gas deliveries to Indiana’s electric power sector have surged by approximately 580 percent since 2006. In 2006, there were 27,213 million cubic feet (MMcf) and in 2018, there were 185,155 MMcf. Why? During that time, natural gas prices for electric power generation have dropped significantly. Natural gas costs have plummeted by more than half, according to the US Energy Information Administration ($7.11 per thousand cubic feet in 2006 versus $3.52 per thousand cubic feet in 2017). The graph below depicts the dramatic decline in the price of gas utilized by electricity generators (regulated utilities and non-regulated power companies) in their line of business.
The graphic below, based on statistics from the Indiana Utility Regulatory Commission (IURC), depicts the major shift away from coal and toward natural gas and other fuels since 2008.
Fuel for Indiana Electricity Generation
Electric utilities in Indiana use 25 million fewer short tons of coal today than they did in 2006, a reduction of 41%. (60.5 million short tons in 2006 versus 35.6 million in 2017).
In addition to the considerable decline in natural gas prices, an increase in coal prices is one of the major reasons for the fall in coal usage by Indiana’s electric utilities. The annual average price of coal on the open market in Indiana climbed by 55 percent from around $27 per short ton in 2006 to $42 per short ton in 2017.
Decrease in Sales of Electricity
In Indiana, sales of power to industrial clients have fallen by 6% in the last 12 years.
The basic utility ratemaking formula for determining the average electricity price is:
Revenues (costs + capital expenditures + a reasonable return)
Avg. Electricity Price = Units Sold (Kwh Sales)
According to data from the Federal Energy Regulatory Commission (FERC) Form 1 for Indiana’s five investor-owned electric utilities, overall retail electricity sales have decreased by over 2% in Indiana since 2006 (6 percent for industrial customers), while costs and capital investments, including a fair return, have increased by 38%. (33 percent allocated to industrial customers).
In Fishers, Indiana, who provides water?
Citizens Energy Group 317-924-3311 and Citizen’s Energy Group 317-924-3311 are the two public water suppliers in Fishers (check your bill for the provider). The American Water Company can be reached at (800) 492-8373.
How does it feel to be a resident of Fishers, Indiana?
In the Indianapolis suburbs, Fishers, Indiana, is one of the most attractive places to reside. This thriving, not-so-small town of 100,000 residents is safe, family-friendly, and full of interesting things to see and do. Consider the benefits and drawbacks of living in Fishers, Indiana, to see if it’s the best fit for you. Check out everything life in Fishers, Indiana has to offer, including a rising downtown feel, plenty of retail and entertainment, fantastic schools, and plenty of green space.
What is Westfield Indiana’s claim to fame?
Westfield is a flourishing community with a long history dating back to Quakers from North Carolina who founded it in 1834. It has regularly been regarded as one of the best locations to live in Indiana and the country, having been designated one of the “Top Ten Places to Raise a Family” by Family Circle Magazine.
Westfield, Indiana, is just 30 minutes north of downtown Indianapolis and offers a nationally recognized school system, diverse neighborhoods, a pro-business economic climate, award-winning recreational trails and parks, and a wealth of recreation, arts, and sports opportunities for residents and visitors.
Westfield has become a known sports destination as a result of the building of Grand Park, which hosts national championships and is home to the Indianapolis Colts Training Camp.