Have you ever looked at your energy bills and asked yourself, “Why are they so high?”
You frantically scan them in hopes of finding the problem but don’t know where to start. The Citizens Utility Board analyzes thousands of bills a year. These are three key questions we ask about any electric or gas bill.
Are you with an alternative supplier?
First, check whether your electricity or gas is being supplied by an alternative supplier or the regulated utility. If an unfamiliar name appears in the supply section of your bill, you’re with an alternative supplier. To determine the best deal, compare its rate to the rate you would be paying with the regulated utility. Also, check for monthly fees that can cause prices to skyrocket. If the alternative supplier’s price is better, stay with it but be wary of variable rates which can change unpredictably from month-to-month. If the alternative supplier’s price isn’t better, investigate how to get out of your contract. (Be careful of cancellation fees.)
Is your bill being estimated?
Next, determine if your energy usage is being estimated by looking under the meter section of your bill. If a company did not read your meter that month, it should indicate so on the bill. If a utility estimates your usage two months in a row, that should raise a red flag. Call the utility and find out why. Estimations can be inaccurate, and that means you could get hit with high make-up bills later on. (Note: One advantage of the digital electric meters being installed by ComEd and Ameren is that the new devices should do away with estimated readings, because the meters can be read remotely.)
Is your energy usage unusually high?
Finally, evaluate your energy usage to see if there’s been an unusual spike. If it seems unusually high, compared with past bills, that could mean there’s a problem with the meter. Call your utility for a free meter check. Big-screen TVs, multiple refrigerators and the size of your house also can explain high usage, so ask yourself if any of these apply to you. By signing up for energy efficiency programs, like Peak Time Savings and CUB Energy Saver, you can learn how to cut your utility bills even more.
If you’ve read over your bills and still have questions, call CUB’s Consumer Hotline at (800) 669-5556.
This article is by Samantha Vercellino.