It’s December and feels like winter is here. But one benefit of living in an apartment is that my unit is pretty much a box with 5 of its 6 sides touching either someone else’s unit, or the hallway. Which means I don’t have to turn on my baseboard heaters during Winter. This takes no work on my part, and it saves money. Here is a historic look at my energy bill, taken from my electricity provider’s website. (BC Hydro)
My usage has been fairly consistent over the last couple of years. No spikes during winter months. By not turning on the heat, even in January, my utility bill year round is really predictable. Even though it’s currently 0° C (32° F) outside, it’s actually a cozy 20° C (68° F) inside. I have to wear more than a t-shirt, but clothes from my closet are free. I’m basically leeching off my neighbors’ electricity (which they pay for) by absorbing some of their heat through the walls, ceiling, and floor, (but don’t tell them.) This is part of how I’m able to save and invest half my net income.
In the chart above, I used about $22 worth of energy back in Feb 2010. Since then rates have gone up, and BC Hydro wants to further raise electricity rates by 16% over the next 3 years! Inflation can be a pain. But I’d rather save some money now so I can afford a warmer place in the future when I have kids, since utility bills might be twice as expensive by then. Plus, saving energy is better for the environment. Think of all the beavers and polar bears.
*This probably wont work if you’re living with other people.
*Helps if you’re a Canadian. We’re use to cold weather.
*Won’t work if you live in a house because all sides of a detached home are fully exposed to the cold (brrr)
Estimated Annual Savings by never turning on the heat:$100 (depending on size/location of home)