Definition of «affordable electricity»

Affordable electricity refers to electric power that is available at a reasonable and manageable cost for consumers. This means that individuals, businesses or organizations can pay for their electricity bills without straining their financial resources too much. Affordability of electricity depends on various factors such as the price per unit of energy, the usage patterns, tariff structures, subsidies, and other incentives offered by government or utility companies to reduce the cost of power consumption. In general, affordable electricity is essential for promoting economic growth, improving living standards, and reducing poverty levels in society.

Sentences with «affordable electricity»

  • Every viable business depends upon a reliable and affordable electricity supply. (stopthesethings.com)
  • Renewable energy is providing affordable electricity across the country right now, and can help stabilize energy prices in the future. (ucsusa.org)
  • Both approaches are high risk but have a reasonable payoff if they can manage to make affordable electricity and that is a very big if. (dotearth.blogs.nytimes.com)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z