Many companies allow you to manage services online and set up automatic bill pay. Others offer power outage reporting apps.
Banish “power vampires” like chargers for cell phones, tablets, and other cordless devices that consume electricity even when they are not plugged in. These power-suckers can cost you up to $100 per year.
Most people know to turn off the lights when a room isn’t being used and keep heating and cooling use at a minimum, but many other things can be done to lower energy costs. First and foremost, shopping around is critical.
You can shop for electricity plans online in deregulated states like New York. You can find the best rates by entering your zip code and comparing offers from different providers.
Many different options are available to you, including prepaid electricity plans that let you avoid paying deposits or going through a credit check. There are also guaranteed green plans, meaning that they source their energy from renewable sources. Also, some energy companies offer incentives like prepaid gift cards, bill credits, and even smart thermostats in exchange for switching to them.
Ask Your Utilities for Rate Options
Utility companies may offer cost-reduction programs that give credits or rebates for lowering energy or water use. They may also have special programs for low-income customers who need help paying their bills.
Ask your electric company about its rate options. Many states with deregulated energy markets allow you to shop for electricity rates and plans.
Compare best electric company Corpus Christi on comparison sites to find the best deals. Remember to look at the total price of your bill, including fees. And always check whether a provider has an exit fee if you switch to another supplier. It’s often worth it to take the time to find the cheapest rate available. The savings can add up. Significantly since energy costs have recently risen.
Upgrade Your Appliances
Utility costs are on the rise for many households. With winter approaching, it’s time to start thinking about energy costs again. In the past year alone, gas and electricity prices have jumped by more than 20%.
One of the best ways to reduce your electric bills is by upgrading your appliances and lighting fixtures with energy-efficient options. These will cost less to run and last longer than traditional incandescent bulbs.
Also, consider an energy audit for your home or apartment. A simple audit can identify air leaks, inefficient heating, and other energy-saving solutions. Also, remember to unplug electronics and appliances when not in use, or at least plug them into a power strip with an on/off switch. This can save you 5% to 30% on your bills.
Switch to a Fixed-Rate Plan
Many electricity companies offer a variety of plans to fit your needs. The best way to decide on the right plan is to compare rates and providers. Choose a fixed-rate plan for more stability in your bills.
A variable-rate plan fluctuates with market prices and might be more expensive in the long run. However, if you are willing to change your usage habits to match market trends, this could save you money.
If you live in a deregulated market, you have the power to shop around for competitive electricity suppliers with low rates and flexible plans. Compare online to find affordable energy rates with a provider that’s right for you. Also, consider signing up for a time-of-use plan for cheaper rates during off-peak hours.
Switch to a Time-Of-Use Plan
Unlike traditional flat-rate plans, time-of-use (TOU) plans have rates that vary based on the time of day energy is pulled from the grid. This includes peak hours, off-peak hours, and, in some cases, super off-peak times.
By adjusting your energy usage to coincide with cheaper off-peak rates, you can save a significant amount on monthly electricity costs. For instance, running your laundry at night or using appliances that can be operated during off-peak hours could save you hundreds of dollars annually.
Each energy supplier handles TOU rates differently, but most offer a rate schedule that breaks down on- and off-peak hourframes. To get the most from your TOU plan, use appliances and other energy-draining activities during off-peak hours, such as before 4 p.m. and after 9 p.m.
Use Energy-Efficient Appliances
The price of energy services is going up, but there are simple steps you can take to lower your bills. You can save money by washing your laundry energy-efficiently, switching to LED bulbs, and turning off lights in empty rooms.
With ENERGY STAR certification, you can also reduce energy costs by purchasing appliances and electronics. These products use less energy than conventional models and can result in savings over time.
It’s also important to understand how and when you use electricity. Many energy companies charge different rates during on-peak and off-peak hours, so doing energy-intensive tasks at off-peak times (such as at night) is a good idea. These small changes can increase over time and significantly reduce your electric bill.
Take Advantage of Government Incentives
A home’s electricity bill can make up between 5% and 10% of its energy costs. That’s why it’s important to understand the information on your utility bills and how you can lower your monthly costs. One way to do that is by reducing energy use and investing in energy-efficient appliances. Another is identifying and reducing “phantom power” or unplugging devices plugged in but not in use (e.g., cable boxes/DVRs, coffee makers, microwaves, powered toothbrushes).
These tips can help you save hundreds yearly without sacrificing comfort or lifestyle. So, whether you live in an apartment or a single-family home, try some of these easy ways to reduce your energy costs and start saving each month.