5 Steps to a Cheaper Energy Bill

Energy is the kryptonite to many of our wallets. Unless you are lucky enough to be living off the energy grid, then you are paying for energy regardless if you use one kilowatt-hours or 5 million kilowatt-hours.

At FiftyUp Club we often get asked “how do we know if we are getting the best deal?”

Here are 5 steps to a cheaper energy bill.

1. Grab Your Latest Energy Bill – this piece of paper is vital to lowering your energy bill. Without it, you’re flying blind and making assumptions and we all know how the old adage goes about assuming.

2. Examine Your Charges – look at these 2 key items: the supply and the usage charges. This will allow you to compare apples to apples and not apples to oranges. Sometimes there is more than one rate for your usage - there could be tiers or ‘off-peak’ or ‘controlled load’ rates overnight. You can investigate all these if you want to, but if you just start by looking at the main usage rate, that will likely cover most of what you use.

3. Discounting – do you currently get a discount on the supply charge, the usage charge, or both? Some of us are getting no discount at all, while others get over 20% off! So this can be a big money-saver if you pay on time.

4. Compare – compare your current bill against the current FiftyUp Club offer to see if you are truly getting a good deal with your provider. If not, well...

5. Switching – If the offer for FiftyUp Club members makes you happy, switch now.

Your energy doesn’t have to be expensive but it’s up to you to choose a plan. Providers aren’t going to take action for you, you’ve got to do it yourself.

It’s also important to understand what you’re paying for. To understand the terms most energy providers use, read “Understanding Your Energy Bill”.

Do you have a trip or trick on how to save on energy? Leave a comment below.