THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE READ MY DISCLOSURE FOR MORE INFO.
For as long as I’ve been living on my own, I’ve always tried to pay as little as I can on my electricity bill.
I hate paying my pesky electricity bill every month. I’ve gone to great lengths to minimize my electric consumption so that my bill would not be that high.
In the summertime, I hate turning on my A/C because I keep thinking how that will impact my electric bill. I’ve been known to suffer in the heat just so that I don’t have to turn on my A/C. Nobody can sacrifice themselves the way I can when it comes to saving money. I deserve a medal for it. I really do.
But my reward is that I have don’t have a huge electric bill every month so that I can save and invest more money.
Don’t worry, I’m not going to suggest that you don’t turn on you’re A/C in the summertime. You can if you want to save money, but like I said earlier. Nobody can do what I do.
A few months ago I was looking at my electric bill and I noticed it was higher than usual. Most people just look at the balance that they owe and call it a day.
The one thing you have no control over is the Delivery Charges that your energy company charges you. That is usually a fixed cost and they charge you that amount every single month. Also, you have no control over the sales tax charged on your bill (Duh!)
But up until recently, I found out that I could control my Electric Supply Charges. This is probably the most important item to look at on your electric bill. But most people don’t even know what it is.
Your Electric Supply Charge is the rate you pay per kWh. It’s usually a few cents per kWh but this amount fluctuates per month. Some months they may charge you 10 cents per kWh and some other months you may get charged 14 cents per kWh.
Believe it or not, that extra 4 cents makes a huge difference on the total amount you have to pay to your electric company. Your ESC is determined by multiplying your electricity usage with the cents per kWh.
So if you have your A/C on full blast, non-stop in the summertime. Guess what? Your electric bill will be sky high. Rocket science, right?
Don’t ask how your electric company determines the ESC for the month and why it fluctuates. I’ve called and asked and nobody can give me a straight answer. I don’t think they even know. Google it and you may find a better answer.
So here’s how you can control and get a much lower rate on your Electric Supply Charge. It’s called shopping around and signing up with an Energy Service Company.
What is an energy service company?
Energy service companies supply electricity and natural gas to homes and businesses throughout New York and many other states. Some of these companies may offer a lower price for energy (remember that these prices can fluctuate), or they may offer green energy from renewable sources like wind, solar, and hydroelectric power. If you choose an energy service company, your current electric company will still deliver the electricity and/or natural gas to you.
What are the benefits of choosing an energy service company?
- It’s your choice. Find the best energy supply for you.
- Enjoy the freedom of being able to choose your own energy supplier.
- Single bill. In most cases, your bill will show both your energy supply and delivery charges on one statement.
- Special offers. Some energy suppliers may offer a fixed price or promotional discounts.
- Alternative energy. Some offers include wind, solar, hydroelectric, biomass, and other environmentally friendly power sources.
Who is eligible?
All customers are eligible.
I signed up with Clearview Energy (https://www.clearviewenergy.com/) They are a Texas-based energy service company.
They offered me a little over 5 cents per kWh supply charge for a full year. I scanned all my old electric bills and the $ per kWh was never that low. So I signed up with Clearview Energy and now they supply me with my electricity at a much cheaper rate.
I am locked in for a full year at that rate but they charge a $100 early termination fee if I decide to cancel before the year is up. But why would I? Now I can turn on my air and not have to worry as much because I know I am getting my electricity at the lowest possible rate.
If you move away, then you are allowed to cancel without being charged the early termination fee.
Go to Clearview Energy’s website and see if you can also qualify for a lower supply cost rate. Just enter your zip code and see what they offer you. Clearview does not have an affiliate program in place so I get nothing if you sign up with them.
I’m just simply trying to pass on the savings I am getting onto my loyal and wonderful readers.
You can also shop around for the Energy Service companies that best fits your needs and services your area at www.powersetter.com
13 Super Easy Ways to Save Big Money
How I Save $500 Month By Cutting This One Thing Out
9 Free Things You Can Do on the Weekends
How to get the Best Vacation Deals Without Travel Hacking
5 Insanely Free & Easy Ways to Make More Money Now