![The 87th edition [Latest News Included]: Explanation on the "3 Causes" and "4 Household Defense Strategies" for the electricity price increase [Trend]](https://i.ytimg.com/vi_webp/CnOwqL44rKg/maxresdefault.webp)
The following is a transcript of the video:
**Title:** Electricity Rates Are Soaring! Here Are 4 Ways to Protect Your Household Finances
**Summary:**
- Electricity rates are rising due to a lack of supply, the increase in the surcharge price, and the price coat for LNG, natural gas, and coal.
- There are four ways to protect your household finances in the face of rising electricity prices: saving electricity, switching electricity companies, increasing capital investment, and increasing asset income.
- Saving electricity is the most immediate way to reduce your electricity bill. You can save electricity by turning off lights when you leave a room, unplugging appliances when you're not using them, and using energy-efficient appliances.
- Switching electricity companies can also save you money. You can compare electricity rates and switch to a company that offers a lower rate.
- Increasing capital investment can help you reduce your electricity bill in the long term. You can invest in energy-efficient appliances, solar panels, or other energy-saving measures.
- Increasing asset income is the most effective way to protect your household finances in the long term. You can invest in stocks, bonds, or other financial products to generate income.
**Key Takeaways:**
- Electricity rates are rising due to a number of factors, including the lack of supply, the increase in the surcharge price, and the price coat for LNG, natural gas, and coal.
- There are four ways to protect your household finances in the face of rising electricity prices: saving electricity, switching electricity companies, increasing capital investment, and increasing asset income.
- Saving electricity is the most immediate way to reduce your electricity bill. You can save electricity by turning off lights when you leave a room, unplugging appliances when you're not using them, and using energy-efficient appliances.
- Switching electricity companies can also save you money. You can compare electricity rates and switch to a company that offers a lower rate.
- Increasing capital investment can help you reduce your electricity bill in the long term. You can invest in energy-efficient appliances, solar panels, or other energy-saving measures.
- Increasing asset income is the most effective way to protect your household finances in the long term. You can invest in stocks, bonds, or other financial products to generate income.
