3 Ways to Save 20, 30, or Even 40% on Your Electric Bill

By admin • February 14th, 2010

3 Ways to Save on Your Electric Bill

The first way you can save on electricity rates is to look

The first and most important thing to do as a Texas residential electricity user or even as a commercial business is to look for lower rates in this de-regulated environment. There are many people that have yet to seek new electric rates. If you never look for a lower rate, there is little way to find one. Many people seem to assume there is one basic rate for electricity, so why bother looking?

This is not true, electricity rates cover a wide range of prices. In addition, there are other factors affecting price, including the fact that there are multi-year rate plans. You pay a premium to level off your electricity costs for a period of time. The longer the time frame, the more “premium” you pay. Adding various levels of Green Energy can also raise the cost as well. But regardless of the category of electricity you are looking for, there are many companies to choose from, and one might be right for you.

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Make sure your rates reflect the correct residential or commercial type account

Whether you are looking for a month to month electric rate plan, or 1 to several years, one thing is certain. To get the best rates, you must do some shopping, or have someone do it for you like an Energy Broker, or Energy Consultant. These are professionals that will analyze your needs and help you find a good solution. I have seen two businesses literally side by side in Odessa Texas and both of them paying very different rates. One was paying 13.5 cents per kWh, and the other was paying 8.5 cents per kWh. It turned out they both had the same electric company!

As it turned out the one that used the least electricity paid the highest bill. So after much frustration, and even asking the electric company to check the meters, and the readings, they finally called me. I was told that the big electric company had no answer for the discrepancy in the two bills. Well, it became clear and obvious to me once I turned the 2 bills over and saw the cost per kWh. Needless to say, the customer paying 13.5 cents per kWh as a commercial concern, could not wait to change companies.

13.5 cents per kWh is a price that I normally expect to see on a residential bill, not a commercial bill. And, yes the customer in question had good credit, so that was not an issue. But, I have seen this sort of price for a commercial business before. So, making sure you are getting a good price for the category you are in is essential.

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Make sure your rates are average to below average by comparison

Lastly, after you decide to look for better rates, then make sure you are paying prices that reflect residential or commercial type of account. Once you have done this, then it is time to look for prices that reflect the type of account you have. Suppose that is residential, then list the companies, plans and pricing. Maybe something stands out, like at the 1 year rate, it seems to dip lower and may be worth taking a second look. Once you think you have chosen a good candidate, it might not hurt to check with the BBB (Better Business Bureau) to see if they have lots of complaints. Maybe you want to look up their website and read about them.

Whatever you do regarding electricity rates, it will pay you to look for rates, make sure your rates are within reason, and if you want, find a company that may offer lower rates.

If you would like to speak to an Energy Consultant CLICK HERE

Visit these sites:

Power to Choose Electric , Cheap Texas Electric Rates , Need a Bandaid

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