Understanding your electric bill

understanding your electric bill
Understanding your electric bill

How much do you actually pay for electricity?  Clever marketing and creative writing on your electric bills have created a myth of electric rates such as 9 or 10 cents per unit of electricity. “I pay just 9 cents per kWh for electricity.” Are you a happy camper thinking you have a great deal from your electric company?  You might actually be paying far more than that. Get the low down on “Understanding your electric bill”.

Your electric bill has two elements; Delivery and Supply. Some companies show them as Supply and Generation.  The 9 cents price of electricity usually refers to the amount you pay for Supply or Generation. The electric utility companies conveniently forget to mention that you also have to pay for Delivery of electricity. The delivery charge adds another 5 to 12 cents to the bill.  Different markets have different pricing structures. New Jersey home owners pay between 15 and 22 cents per KWH of electricity and not 9 cents as many would have you believe. The average rates of electricity in different states in the US are shown in the map below. The only consistent way to reduce your electric bill is to go solar. Read how much do solar panels save on electricity? to find out how much you can save. The solar panel output calculator will also be a useful tool.

Understanding my electric bill - rates

Another industry secret – your electric utility prices change from month to month. You will notice that you get your highest bills during summer when you use your Air Conditioning a lot. Similarly all electric homes which heat using electricity get very high bills in the peak of winter.  Customers have become used to these high bills as they co-relate high usage to high bills. However, what you don’t know is that utility companies tend to charge you higher rates during those peak months of summer and winter. Not only are you using more power, but you are also paying more.

How to read your electric bill kWh?

Lets look at the electric bill in a little more detail. This bill below shows a usage of 718KWH for the month at a cost of $139.45 ( look at the two items in blue circles).  The actual electric rate charged for this month was 139.45 / 718 =  19.4 cents.  This is quite normal in New Jersey. The items circled in red show you the two components of your electric bill: Delivery and Generation. The charges for delivery and generation added up to $139.45.

how to read electric bill kWh
Understanding your electric bill : Supply Delivery

Understanding your electric bill 1

understanding my electric bill
Understanding your electric bill : Third Party

Some electric companies show the same thing as Delivery and Supply. Lets look at the bill below. The blue circles show the utility billed the customer for 489 kWh of electricity for the month. The total amount payable was $88.74.  Hence the effective electric rate was $88.74 / 489 kWh = 18.4 cents per kwh.

 

Understanding your electric bill 2

Third Party Electric Suppliers add another layer of complexity to your electric bill. Look at the green arrows in the two bills shown above. Utility companies allow you to choose a third party for your Supply/Generation service.  You can either have your utility company provide both Delivery and Supply/Generation or you could choose a third party like Viridian Energy or BGS Energy as you can see in the two bills shown above.

BUYER BEWARE : Third party suppliers gives you short term savings but they usually tend to charge more after the initial honeymoon period.  Keep a close watch on what the third party is charging you.  If you are not careful, you might end up paying more than what the utility charges for supply. In my opinion it is best to stay away from third party suppliers of electricity.

Another term you might see in a bill is called Demand. Demand chargers are normally associated with commercial accounts. They don’t normally show up in a residential bill. They are fixed charges which the utility determines based on peak usage of power by the commercial user. These charges are notoriously difficult to reduce.

understanding your electric bill 2
understanding your electric bill – switch to solar

If you are looking to reduce your electric bill ; the best option is switching to solar power. You can read more about it on the “How much do solar panels save on electricity bills?” article as well as the sdffd article.

Switching to solar eliminates both the Delivery and the Supply/Generation charges from your utility company. A properly designed solar system will reduce your electric bill to an average of $5 or less per month in total. See the example on the left. A caveat, demand charges are not affected by solar and will continue to appear on your electric bill even after switching to solar power.

Understanding my electric bill

Now that you have a good understanding your electric bill, you might like to check out this “solar panel savings calculator” as well. If you are tired of understanding your electric bill, and of kWh and demand and supply and generation perhaps you would like to be entertained by these great looking portable solar chargers.

Portable solar chargers : value for money and great for the environment

SaleBestseller No. 1
Solar Charger 24000mAh Portable Power Bank, ALLSOLAR External Battery Pack with 2 Input and 3 Output USB, iSmart 2.0 Tech Fast Charging for iPhone,iPad & Samsung Galaxy & More-Orange
Solar Charger 24000mAh Portable Power Bank, ALLSOLAR External Battery Pack with 2 Input and 3 Output USB, iSmart 2.0 Tech Fast Charging for iPhone,iPad & Samsung Galaxy & More-Orange
248 Reviews
  • Set Yourself Free :Get freedom from your wall for over a week.   ALLSOLAR 24000mAh solar charger power bank provides up to 10 iPhone 6s charges, almost 7 Galaxy S6 charges or multiple charges for Apple Watch, iPhone 6 Plus 6 5S 5C 5 4S, iPad, iPod, Samsung Galaxy S6 Edge S5 S4 S3 Note 8 5 4 3, LG G4 G3, Nexus, HTC, Gopro Camera, GPS etc.
  • Triple USB output with Intelligent Manages IC :Allsolar solar battery USB charger  3 devices Simultaneously combined 5V 4.5 amp (2.4A max per port), Inserted Intelligent Manages IC to protect your devices against any charging accidents, which would keep you and your devices Superior safe. 
  • Innovative 2 Input: Innocative Micro Input and Iphone Lightning Input USB(5V/2.1A ),which means No matter whichever cable you are carrying, you can recharge the portable charger and charge your phone or other device with either an Android Micro cable/cord or your iPhone Lighting cable/cord.
  • Backup Emergency Use Solar Charger :Equipped with a compact solar panel, recharge the battery itself under sunlight, eco-friendly and ideal for outdoor use. Solar Charging effect will be subject to sunlight intensity and local weather. It's only recommended for emergency use. Please recharge the battery by outlet normally.
  • High Quality You Can Count On: Water-resistant, shock-resistant and dust proof phone charger.Long lifespan with more than 500 recharging times. Free 24 Months Warranty and 24 hour attentive and satisfactory customer service.
SaleBestseller No. 2
Uni-Yeap 11000mAh External Battery Charger Power Bank with Safety Charging Conversion System and Ultra Slim with Screen for iPhoneX 8 7 6s 6, iPad, Samsung Galaxy and All Smart phone(Grey)
Uni-Yeap 11000mAh External Battery Charger Power Bank with Safety Charging Conversion System and Ultra Slim with Screen for iPhoneX 8 7 6s 6, iPad, Samsung Galaxy and All Smart phone(Grey)
1,960 Reviews
  • The Best Gift in Holiday Season: Power up your love from here! Can take to plane! The best performance and battery life ever in a portable power bank. Immersive phone-look shape. Built-in figure LCD display,can show percentage of power being charged.The brightest, most Shining display. And it looks every bit as powerful as it is. It also comes with the delicate gift packaging, which is always the first unforgettable impression before power up your passion.
  • 5 CHARGES for iPhone 6 & 7 : High capacity 11000mAh, it is powerful enough to charge the iPhone 7 about 5 times,samsung s6 about 4 times.Pokemon Go drains your battery, imagining, you almost catch the elf and it suddenly out of power, how distressed it is UniYeap can provide an extra 30-hours of playing time.
  • RoHs UNIVERSAL COMPATIBILITY : Smart technology regardless of devices type, The power bank also has an LED display which shows you the available capacity of the power bank - thus warning you when it needs to be charged. It is universal fits for iPhone 7 6/ 6s plus 5s/ 5/ 4s/ 4, iPad, iPod, various ANDROID system mobile,such as Samsung devices Galaxy s7/ s6/ s5/ note 5/ note 4/ Edge, HTC phones, tablet PCs, GoPro,bluetooth speaker,digital cameras, game consoles and MP3/MP4 players, kindle, etc.
  • EXTREMELY THINNER & LIGHTER: Same power but lighter than other. It adopts the Polymer Battery(the safest battery type so far), 20% the size and and 30% the weight of an ordinary lithium battery. So it is half the weight of other power banks yet the same capacity. Perfect for long flights, road trips or just any time you're away from an outlet.
  • WHAT INCLUDES: Uni-Yeap UNI100 External Battery Charger, Micro USB cable, Instruction manual, 7*24h friendly customer service and 12 months warranty, address your worries for the future.
SaleBestseller No. 3
GETIHU Portable Charger 13000mAh Power Bank 2 USB Ports 4.8A Output High-Speed Charging External Battery Backup with Flashlight for iPhone 7 6s 6 Plus 5s iPad Tablet Samsung Mobile Phone Pack
GETIHU Portable Charger 13000mAh Power Bank 2 USB Ports 4.8A Output High-Speed Charging External Battery Backup with Flashlight for iPhone 7 6s 6 Plus 5s iPad Tablet Samsung Mobile Phone Pack
845 Reviews
  • 1.【High-speed charging】2.4A Output for each 2 USB ports make it charge 1.4X faster than standard charger (Not support QC 2.0 / 3.0 function like Samsung S8, S7, S6 Note 5 QC mode).
  • 2.【Real 13000mAh capacity】13000mAh capacity charger is more than enough for all day trip which can fully charge your iPhone 7 for FOUR times. No worry about out of battery anymore.
  • 3.【Two USB ports design】2 USB ports allow you to charge your two devices simultaneously. Share it with your companion anywhere and be relieved from heavy luggage when going out.【No iPhone cable included】
  • 4.【Cool LED flashlight】Press the power button for 3 seconds to turn on/off the LED flashlight. Perfect design for camping, travel, business trip and more. It will be a real help in an emergency.
  • 5.【Safe to charge】Intelligent power manage IC protect your devices against any charging accidents. We also have 30-Day money back guarantees, 3-Year warranty and Lifetime technical support.
SaleBestseller No. 4
Mogix External Battery Phone Charger 10400mAh Power Pack - Best Bank for Fast Charging 2 USB Ports (Black)
Mogix External Battery Phone Charger 10400mAh Power Pack - Best Bank for Fast Charging 2 USB Ports (Black)
2,330 Reviews
  • 💕A DEAL? Limited Time, When You Buy 1 Mogix 10400mAh Portable Battery, You'll Get An Extra 25% OFF Our 5000mAh Pack. Just Add Both To Cart & Enter code 12FACEBK at checkout (can't be combined with other offers). Plus, with every purchase, receive a FREE ebook full of smartphone tips & tricks! Your Mogix comes with a 90 Day Satisfaction Guarantee + 18 Month Warranty!
  • EXCLUSIVE, iPhone like design with 4 LED's to monitor power supply + bold features that continue to make this pack one of the thinnest, lightweight »Just 6.5oz« external chargers at this large battery capacity for sale today.
  • FILL-ER-UP! Get multiple full charges from one Mogix power bank, i.e. iPhone 7 = 4 + charges, Galaxy S7 = 2 to 3 charges, ipad Air 2 = 1 charge - Just use your phone cord to plug in.
  • FRIENDS DON'T LET FRIENDS GO WITHOUT POWER - Be power confident with universal dual high-speed ports rated 2.5A & 2.1A to not only charge your cell phone but your friends too! Plus, recharge bank fast with upgraded 2A input.
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Bestseller No. 5
Todamay Power Bank 24000mAh Ultra-Portable Phone Charger External Battery 2.1A Input Port, LED Lights 3 Charging Ports for Smartphone&Other Device, Black
Todamay Power Bank 24000mAh Ultra-Portable Phone Charger External Battery 2.1A Input Port, LED Lights 3 Charging Ports for Smartphone&Other Device, Black
174 Reviews
  • 【Large Capacity Power Bank】24000mAh large capacity chargers provides great battery backup for your device, ideal for your daily activities or other long time outside activities.#Don't buy from Amazon Warehouse for Potential damaged Items#
  • 【Quick Charging Battery Pack】3 Charging ports which offer 3A high speed charging, charge your three USB powered device together. The power bank is fully compatible with iOS and Android devices.#Don't buy from Amazon Warehouse for Potential damaged Items#
  • 【Portable Charger with User-friendly Design】The LED indicator shows the remaining power when charging to ensure you are aware of the available power. The handy size and Led flashlights make it easy to hold and carry whenever and wherever you need.#Don't buy from Amazon Warehouse for Potential damaged Items#
  • 【Safe Phone Charger】The power bank provides protection like over-current, over-charging, over-power, over-voltage, over-discharge & short-circuit protection to ensure the safety of your device. Auto-stop when the phone is full charged. This helps protection against over-heating & over-charging situations.#Don't buy from Amazon Warehouse for Potential damaged Items#
  • 【What You Get】1X 24000mAh portable charger, 1X Micro USB cables, 1X user manuals. Weight:0.42kg, Size:16.3*8*2.3cm. We are pleased to give 12-month worry-Free warranty, Professional After-Sales Team provides Free Life-time Technical Support.#Don't buy from Amazon Warehouse for Potential damaged Items#
Bestseller No. 6
Power Bank Portable Charger 24000mAh Huge Capacity with 2 Output Ultra-Compact Battery Pack Compatible with Samsung Android and More
Power Bank Portable Charger 24000mAh Huge Capacity with 2 Output Ultra-Compact Battery Pack Compatible with Samsung Android and More
387 Reviews
  • Huge Capacity of the Portable Charger: 24000 mAH.Support Most of the Smart Phones.Charge Smart Phone about 4-5 Times.
  • Power Bank With One Input and Dual Outputs:One Android Port for Input. Two Usb Ports are for Output.Charge two Devices Simultaneously.
  • Thiner Size Of Replaceable Battery: Can be Put in the Pocket or Briefcase Conviniently.
  • Intelligent Digital Display of Battery Pack: Show the Remaining Electricity and Output's amp as well as Input's amp.
  • Warranty and After-Sales Support:Get 12 Months of Warranty and all-life-long Technical Support.
Bestseller No. 7
HomeSpot 2 Pack 5 Inch Charger 8pin Cable Short Length Compatible with iPhone X / 8/8 Plus / 7/7 Plus / 6/6 Plus / 5S iPad Air/Air 2 / Pro (2 Pack - Black)
HomeSpot 2 Pack 5 Inch Charger 8pin Cable Short Length Compatible with iPhone X / 8/8 Plus / 7/7 Plus / 6/6 Plus / 5S iPad Air/Air 2 / Pro (2 Pack - Black)
211 Reviews
  • SHORT IPHONE CHARGER - The 15cm / 5 inch short length tangle free cable is free for easy carry on, ideal for use with portable chargers or where space is at a minimum, convenient to use while in bed, car, or office, connect to docking station.
  • ULTRA PERFORMANCE - High-quality copper wire maximizes signal quality and increases durability. With its thicker-gauge wire, charging and data speeds reach high levels. Save time every time you recharge.
  • DURABLE - Gold-plated connector offers unbeatable conductivity and corrosion resistance. This cable utilizes those characteristics to offer superior connectivity and longevity makes it thoroughly resistant to fraying and wear-related damage.
  • What You Get - 2 x HomeSpot 8pin 5" Black our fan-favourite 12+6 month warranty and friendly customer service.
SaleBestseller No. 8
Intelligent Charger, Snado LCD Display Universal Smart Charger for Rechargeable Batteries Li-ion Batteries 18650 18490 18350 17670 17500 16340(RCR123) 14500, Ni-MH/Ni-Cd A AA AAA Batteries
Intelligent Charger, Snado LCD Display Universal Smart Charger for Rechargeable Batteries Li-ion Batteries 18650 18490 18350 17670 17500 16340(RCR123) 14500, Ni-MH/Ni-Cd A AA AAA Batteries
279 Reviews
  • Adopt negative voltage control technology to improve charge efficiency and integrated intelligent power management system;
  • High definition LCD displays real time charging status, Two sets of led indicators show independently when charging, making the charging process visible status and stopping once completing charge intelligently;
  • Temperature protection: Stop charging automatically if the temperature of charger or battery gets too high when charging. Stainless steel rail is more durable and smooth. Worldwide voltage, suitable for the whole world, car adapter is available;
  • Compatible for Li-ion batteries 18650 18490 18350 17670 17500 16340(RCR123), 14500 Ni-MH/Ni-Cd A AA AAA batteries and 3.7V lithium battery and so on;
  • SEANADO Intelligent Charger - We guarantee the quality before the item ships. 30 Days Free Refund, 2 Years Free Replacement, Lifetime Maintenance.
SaleBestseller No. 9
Car Power Inverter DC to AC 1500watt 3000watter Peak Car Converter with 2 AC Outlets/4 USB Ports/Car Battery Clip Car Charger For Laptop/Fan/DVD/Phone/Camera/Lighting/Camping
Car Power Inverter DC to AC 1500watt 3000watter Peak Car Converter with 2 AC Outlets/4 USB Ports/Car Battery Clip Car Charger For Laptop/Fan/DVD/Phone/Camera/Lighting/Camping
  • 1. Provides 1500 watts continuous DC to AC power and 3000 watts peak output power to charge your multiple electronic devices on the go.
  • 2. The latest digital display design, can check the car battery voltage and the ambient temperature of the car, make you more aware of the car status.
  • 3. 2 AC outlets and 4 USB charging ports (6.8A Max (4 USB ports 2.4A x2+1A x2)) ideal for powering smartphones, laptop, tablets, GPS units, TV, battery chargers, DVD players, MP3 players, camping equipment and mobile office equipment
  • 4. Built-in fuse and cooling fan protection: low battery alarm, low battery shutdown, overload protection, short circuit protection, over power protection, over current protection, over heat protection. (Applied for a 12V car but not 24V)
  • 5. Good to know: With 36 Months Warranty and Friendly, Easy-to-Reach Support. Buy with confidence!
Bestseller No. 10
TNP PSP Charger AC Adapter Power Supply Home Wall Travel Charging Cord Cable Accessories Kit for Sony PlayStation Portable PSP 1000 Slim 2000 3000 series (Black) [Sony PSP]
TNP PSP Charger AC Adapter Power Supply Home Wall Travel Charging Cord Cable Accessories Kit for Sony PlayStation Portable PSP 1000 Slim 2000 3000 series (Black) [Sony PSP]
18 Reviews
  • Recharges your PSP battery quickly, Best replacement for original PSP travel charger
  • Play your PSP without draining the battery
  • Slim Design for easy transportation
  • Easy to use at home in a hotel on a trip
  • Gives you plenty of reach to access a nearby wall outlet


After

Understanding your electric bill

Now, lets look at what else is possible with solar. Check out these articles. Thank you for visiting MySolarHome.us.

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Last update on 2019-07-19 at 04:31 / Affiliate links / Images from Amazon Product Advertising API