Are you having trouble paying your monthly electric bills? The average U.S. utility bill runs as high as $95.66, according to Energy Information Administration (EIA). Bills are likely to climb even higher during the winter months, especially with record low temperatures and continuous snow storms sweeping through most of the country. Thankfully, there are many low cost ways to save on electric bills.
Use High Power Electronics and Appliances at the Right Time
Financial adviser Andrew Schrage explains: “Many utility companies have plans set up that offer discounts for switching some of your power usage to off-peak times. The hours and times differ slightly depending upon what part of the country you’re in, and each plan is set up a little differently. If you’re willing to shift a significant portion of your energy usage to outside the peak times, you certainly can save money.” Most non-peak hours begin at 8:00pm. Call or go online to find out if your local electric utility suppliers offer non-peak hour discounts.
Consumers can also put a considerable dent in electric bills by unplugging electronics that use the most power. Although most appliances and electrics consume just 17% of household energy, others use a lot more than you’d think. Unplug these energy guzzling electronics, including plasma screen TVs and video game systems, when you are not using them — or at least before going to bed.
Switch Electricity Providers
Changing electricity providers is another option. If you are paying too much for electricity, you may be able to score cheaper rates from a different supplier. Compare electric providers online or call for a quote.
Stop paying too much for electricity. Think twice about when you’re using electronics, unplug appliances with high energy expenditures, and consider switching electric utility suppliers for better rates. More on this topic.