Frugal Tip: Every Utility Penny Counts

Before the big summer heat hits, check your electric bill!

We have American Electric Power (AEP) and 2/3 down the page on our bill, located under the “Total Amount Due” is a lovely paragraph that gives us a “Price to Compare.”

What is this on your bill?

Do you know?

If you don’t know this number, you might be wasting valuable pennies, dollars, twenties! every billing period. 

You have probably received the mailers from various energy companies offering low costs, or you might have received a visit in person; I know we definitely did at our old house. At the time, we were putting our house on the market, so it was silly for us to make any changes, but it was something that piqued our interest. Now that we have moved, this was one of the first things I looked into for our electric bill.

Under our “Price to Compare,” it states, “In order to save you money a new supplier must offer you a price lower than 7.8 cents per KWH…” We happened to get a mailer from AEP Energy promoting a deal at a fixed 6.65 cents for the next two years. I decided to go with this now {before summer!} because our electric bills in the past have had us as high as 13.8 cents per KWH. Multiply that number by our usage each month and that number adds up!

Whatever the energy company, I encourage you to look into this as a money-saving option. It took less than five minutes for me to switch online. If you are looking for easy ways to save a lot of money over the long term, this tip should definitely be toward the top of that list!

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Have a great day!
Andrea-sig

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