Electricity Bill So High Resident Becomes Filled With Fury

When electricity usage gets out of hand your electric bill can balloon beyond any reasonable amount. Imagine normally paying $100 a month on average and then in June getting an electric bill for $500.

This much higher electric bill often is not just about a hot summer month where the air conditioner is running more than it normally would. There could be a combination of things going on. I would consider your number one problem ELECTRICAL DEFECTS.

The Electrical Defect

The Electric Water Heater

These high energy bills come from things such as a leaking electric hot water heater. Just like a leaking water line can cause you to get a $500 water bill a leaking electric water heater can cause a $500 electricity bill. Having this issue is similar to you just leaving your hot water faucet running 24/7. This is not a good thing at all and will run through your money quick.

Pool Pump Timer Defect

The pull pump timer sometimes goes bad or must be reset. The pool pump uses a ton of electricity and contributes the most to the yearly maintenance cost of your swimming pool. If this little contraption gets electrically messed up you will pay in higher electricity bill charges. These pumps normally run for just a small portion of the day but leaving it on 24/7 will take a bite out of your wallet.

Heat Pump Performing Poorly

A heat pump is supposed to perform at the correct temperature split. If the temperature split gets out of whack it just means there are some service maintenance aspects of your air conditioning system that need to be checked by a yearly A/C maintenance plan. Twice as much electricity as you normally use can occur if this temperature split is too out of alignment.

Thermostat Set to Emergency Heat

There is a setting on modern thermostats that reads Emergency Heat or something abbreviated in a similar spelling. If this setting is on your winter electricity bill will be twice as high as normal.

Current Leakage

You could have a short circuit at your breaker with a low voltage flow. This type of leakage can be difficult to narrow down and so an electrician is recommended if you believe you have a current leakage of some kind. To troubleshoot you would turn off all breakers, unplug all appliances in the house. Turn the breaker back on and if you register any current flow there could be a leakage occurring but an electrician would be able to tell you for sure. There are certain things in the house to throw this off such as lights on electrical outlets and other tricky things that an electrician could handle easier than the homeowner.

 

Don’t Forget to Shop for Cheaper Electricity Prices

Hopefully, these ideas give you some places to look for ways to stop absurd electricity bills from ruining your family vacation budget. Be sure to use our website to find an affordable electric rate pulled from multiple Texas electric companies in a detailed electricity comparison. Type your zipcode above to get started.

Electric Rates This Time of Year

Is there a time of year that is best for shopping electricity rates? I am often asked this question but the reality is that there is no specific time of year that works best.

If there were a specific time of year when rates were lower you could make a fortune in the energy commodities market.

You could trade on the Chicago exchange each year and make a good living knowing when energy would be lower and you would never have to work again.

In reality seasonal weather changes, energy shortages, summer demand spikes are all built into the price of energy already.

For prices to go higher or lower in the summer you would need an abnormality in the weather or supply of energy to occur.

These abnormalities in supply and weather is what you would need to predict in order to price electricity prices correctly each year and come out with the cheapest price of the year annually.

Since nobody can accurately do this consistently this has a lot to do with why there are not thousands of professional energy traders becoming millionaires right now.

Also since you and I cannot do this we also can’t predict electricity prices being lower in the winter or the summer.

In reality your guess is a 50/50 crap shoot each and every time you lock in your electricity price for the year and hope you locked in while prices were near their bottoms and not their tops.

What you can do as a consumer is compare prices using a widget like the one we provide on our website. You enter your zip code and click compare and a list of providers and rates will appear.

Find a good cheap rate and lock in for a year and hope because that’s all you really can do, that prices in the markets are currently near their lows.

A good tip is if prices look relatively low to you or something affordable than that is a likely indicator that locking in for a year might not be a bad idea.

Texas Deregulation Has Lowered Consumer Prices Despite What Opposing Voices Say

electricitmarketsI have read many articles over the last few years of how electricity deregulation in Texas is not working. I hate to jump on conspiracy theory band wagons but the news media always seems to point out that electricity deregulation hasn’t worked and give biased stats to direct the reader to the same conclusion.

When you look at the whole picture the numbers show a different conclusion than what is touted in the news. Electricity deregulation in Texas actually has reduced electricity prices for consumers in Texas.

In reality Texas consumers enjoy shopping for a cheap electric company in Texas and routinely do so and are benefited by lower prices.

If you are an electric service consumer in a deregulated area of Texas and are willing to shop for the best price you will pay far below the regulated prices you saw a decade ago under regulation by the state.

When you add in inflation to the price of electricity it comes out even better for the consumer.

Let’s consider the most competitive city in Texas for retail electricity, Houston. The Centerpoint Energy utility area covers the city of Houston and surrounding cities.

A year ago a 1 year fixed rate could be had for about 9 cents per kilowatt-hour. The variable prices you could find went for around 5.2 cents per kilowatt-hour for the first month.

Compare these rates from last year with 2001 prices when Texas was still under complete electricity price regulation by the state.

In 2001 the regulated price for electricity was 10.4 cents per kilowatt-hour in the city of Houston and cities surrounding Houston. When you factor in inflation the comparable rate as of today would be 13.6 cents per kilowatt-hour.

As of today a consumer can shop around and save about 45 % less than what you could get in the not so competitive electricity market of 2001.

Think about this for a moment, have you seen a reduction in your cable television bill, phone, groceries, taxes since 2001? In comparison electricity has been declining in price in Texas over the last few years but many other essential services have been going up.

Lower natural gas prices definitely help keep your electricity price cheap but as of right now the Henry Hub spot price for natural gas is actually 40 % higher than it was in December of 2001.

Considering Texas generates much of its electricity using natural gas this should surprise you that in a competitive market we have lower prices even with a disadvantage in the price of the raw resource we use to generate electricity.

You will find some municipalities and Co-ops in the state that charge their customers less for electricity than in retail areas but this is not true in all municipalities and co-ops and often changes. In fact right now many municipalities and co-ops are undergoing rate changes.

I have seen Co-ops and municipalities that have prices below some retail providers as of today that at one time were charging 2 cents per kilowatt-hour higher than everyone else.

I bring up the example of the municipality and Co-op to simply explain that you can’t point to the municipality that happens to be lower in price for a few months as to proof deregulating an electricity market doesn’t work.

Even with a cheaper price coming from a municipality you will still find areas of the state that are deregulated with even cheaper prices than the municipality. The problematic price difference next door such as Tyler Texas’ prices and Longview’s prices don’t give you an accurate picture.

A municipality escapes several expenses a retail electric provider has simply by being a municipality with access to public funds but even still some retail providers in Texas remain cheaper.

A common argument is also that had the state of Texas kept the electricity markets regulated prices would likely have remained unchanged. This is very unlikely when you take into account that utilities have taken on rate increases to build more power plants, upgrade transmission lines and power poles, and simply to fund operations like health care and pensions for employees.

Even under regulation news organizations would likely still banter about that the regulated electricity market has run a muck each time a price increase happens to cover these utility upgrades.

The California energy market manipulation of 2001 that had Reliant Energy charged and Enron trading managers plead guilt to market manipulation is used to explain that an electricity market should never be deregulated.

In reality California is a benchmark case study in what not to do and has allowed other states to set up a system that prevents such manipulations from ever happening again.

The Texas PUCT, ERCOT, and others police the energy market transactions that happen in Texas and have even been blamed for over policing the system causing inefficiencies in the deregulated market. If anything Texas does too much to police the energy wholesalers that deal in these very large energy block trades.

In summary, it should be obvious when looking at the whole picture that deregulation has had a huge benefit to the electricity service customer by actually lowering prices. If you want to make the competitive markets work in your favor you need to shop for the cheapest provider each time your energy contract is up. I always recommend putting a reminder to go off in your phone a month before your contract ends so you are sure to always have the lowest price a competitive energy market is able to give you.

You can read more about this topic by going to this article

Van Texas Electricity, You Can Compare Companies and Save

In Van Texas you can compare multiple retail Texas electric providers rate plans against each other, find the cheapest one, and order electric service at a substantial discount.

Our online comparison tool is easy to use. You enter your zip code in the box and click on “Compare”.

From there a list of Van Texas electric providers and rate plans will appear.

You can rest confidently that all fees and charges are bundled into our electric rates excluding taxes.

We are unlike most electricity companies and aggregation sites in that we take steps to bundle in all fees and charges so you are not tricked into a rate that appears cheaper than it really is.

We have even gone so far as to allow you to adjust your average monthly kilowatt usage in case you use more or less than what we have the default set at to calculate your rate.

We have our rates calculated with all fees and charges built in based on the average Texas energy consumers monthly electric bill so chances are good the rate you see will be at or higher than what you will actually pay.

To crystallize what I am trying to tell you here in simple terms, our rates are straight forward without the standard hidden fees and gimmicks, you can compare multiple discount providers, and you can order your Van Texas electric service online.

If you have any questions our Van Texas energy consultants located in Tyler Texas can assist you. You may call us at 1-800-971-4020.

Haltom City, Texas Electricity Service

One of the best ways to save money on your monthly Haltom City, Texas electric bill is to make the most out of the energy you use.  Reducing energy consumption is a wonderful and responsible thing to do and when combined with energy efficiency it can make for a much lower electric bill.  Try preparing several meals at a time when you are using your oven.  You are already paying for the energy of heating the oven, so pack it full to get the most out of the heat.  You can freeze the extras for quick and convenient meals on those days when your life is just too hectic to worry about meal preparation.

Another fantastic way to save on your Haltom City, Texas electricity bill is to find a lower cost electricity service provider to establish service with.  Use the ElectricityBid online comparison tool to compare rates from all Haltom City, Texas electricity service providers and choose the one that offers the best deal.  Simply enter your zip code and service type to get started.  You can even order your new service right online through ElectricityBid.

We do understand that from time to time you may have questions that simply cannot be answered online.  If this is the case, please feel free to call us toll free at 1-800-971-4020 to speak with one of our energy consultants.  We will be happy to help you better understand the Haltom City, Texas electricity market and help you decide which electric company is right for you.

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

Get in touch with us!