How to Lower Your Electric Bill14 minutes 7/1/2022
Posted by, Price To Compare
The Energy Experts at Price to Compare are committed to helping you and your family save money on electricity costs in deregulated energy markets. We partner with homeowners and residents like you to provide detailed information about the different energy providers in your area in a simple, easy-to-understand format. We will walk you through the process of getting started with the energy provider of your choice, from start to finish.
Our team at Price to Compare stays up-to-date on the energy market and monitors changes that may cause fluctuations in electric prices. As summer stretches on, many American households are seeing a spike in their electricity bill. In fact, energy rates are hitting decade-record highs due to the price of natural gas rising 90% since the beginning of March 2022. As a result, many households are looking for ways to lower their electric bills. Read on for the top five money-saving tips from Price to Compare.
Little changes can make a big difference in reducing your electric bill. Some things, like turning off lights when you leave a room, are obvious. But other solutions are just as simple, but not as apparent. For example, did you know that some appliances continue to drain energy as long as they are plugged in-even if you’re not actively using them? Unplugging things like the coffee pot or a desktop computer when they are not in use will reduce your energy consumption. Keeping your freezer full reduces its energy demand. And adjusting your thermostat by even a few degrees can result in significant savings over time. Perform a mental audit of the way you use energy as you go about your day, and you may be surprised at how many opportunities you find to reduce consumption and save money!
Consider a Smart Thermostat
The greatest benefit of a smart thermostat is that it automatically adjusts its heating and cooling functions based on the temperature outside your home. This responsiveness saves energy by maintaining the set temperature as efficiently as possible. Because many smart thermostats can be connected to your smartphone, users have even more control over the temperature in their homes even if they are away. Nest, one of the leading smart home companies, released a white paper stating that smart thermostats lower heating bills by an average of 12% and cooling bills by an average of 15% - a significant amount for the average American household.
Swap Traditional Bulbs for an Energy Efficient Option
Florescent lights are more energy efficient than incandescent and halogen bulbs. These types of light bulbs include light-emitting diode (LED) and compact fluorescent (CFL) bulbs. On average, these bulbs use 75% less energy than their traditional counterparts. In addition to being more efficient, LED and CFL bulbs last longer, are more durable, and produce better lighting. If you stop to consider that the average number of lightbulbs in an American household is 40, it’s easy to see how this simple swap could add up to significant savings over time!
Maintain or Replace Large Appliances
Large appliances are the most energy efficient when they are well-maintained. Simple maintenance, for example, cleaning your dryer’s lint trap and exhaust hose regularly, can have a big impact on energy efficiency. Prompt repairs will further ensure that inefficient appliances aren't driving up your electricity bills. When an appliance cannot be repaired, replacing it with a newer, energy-efficient upgrade will certainly save money over time. It would be impractical for many households to upgrade to energy-efficient appliances all at once, but choosing these options on an as-needed basis is a practical and money-saving solution.
Shop for a New Energy Provider
If your home’s electricity prices are too high, it may be a good time to consider your options. Price to Compare can make the process of switching to a new energy provider simple and painless. Each energy company has complicated plans, different rates, and difficult-to-understand contracts. Price to Compare does all the research to gather each provider’s energy sources, rates, fees, and other important information to simplify the process of choosing a residential electric provider. So, as summer marches on and energy prices show no sign of dropping, Price to Compare is here to take the work of choosing an electric provider off your plate so you can focus on keeping your home safe and comfortable at the best possible price.
Pro Tip: Ready to find the lowest energy rate possible for your home? Have your current electric bill handy to compare residential electricity rates in your area.
Pro-Tip: Let Price to Compare produce a residential electricity rates comparison for you and save your home up to 50% on energy bills! Even with high electricity prices, Price to Compare can gather and compare energy providers’ rates for you to ensure that you’re saving as much as possible on your home’s energy bill.
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