Extreme summer heat forcing several companies to warn residents about energy usage – Fox Business

by | Jul 19, 2022 | Energy

Check out what’s clicking on FoxBusiness.com. Electric utility companies are warning customers to be cautious of their energy usage as a heat wave boils parts of the country. More than 100 million people are under excessive warnings or heat advisories as the National Weather Services warns of dangerous heat conditions through midweek across the south-central U.S., which is building into the Northeast on Wednesday. The warnings are not only being issued to help consumers save money throughout the summer months amid surging inflation but also to make sure that increased demand for electricity does not overwhelm power grids and lead to outages. Consolidated Edison, commonly known as Con Edison or ConEd, announced Monday that it was “mobilizing to respond to any service problems that occur as temperatures rise into the 90s for a second consecutive week.” The utility provides energy for roughly 10 million people who live in New York City and Westchester County. Ticker Security Last Change Change % ED CONSOLIDATED EDISON INC. 92.21 +0.57 +0.62%AES THE AES CORP. 20.61 +0.32 +1.58%PNW PINNACLE WEST CAPITAL CORP. 70.20 +0.26 +0.37% The National Weather Service says heat advisories are in effect for Wednesday for portions of the Northeast, including the I-95 corridor from Philadelphia to Boston, where heat index values are forecast to reach near 100 degrees. SUMMER ELECTRIC BILL SHOCKER COMINGCon Ed, which projected that the high heat could last through the weekend, said “heat, humidity and increased demand for electricity to power air conditioners can cause cables to overheat and lead to outages.”Alongside this warning, the company is offering customers a variety of methods to reduce heat and moisture throughout their homes.One solution is to run appliances such as ovens, washing machines, dryers and dishwashers in the early morning or late at night when it’s cooler outside, according to …

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