How to know if you are paying more on your electricity bill

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The electric bill can be one of the biggest financial concerns in a household. Yet at the same time, many families do not realize that they are overpaying on their electricity bills due to a lack of understanding of how the cost of electricity is calculated.

Here are some of the best ways to determine if you're overpaying on your electricity bill and how you can reduce the cost of your energy bill .

● Comparing the average cost of your area

The first way to know if you are paying more on your electricity bill is to compare the Belgium Phone Number List price you have paid with the average cost of electricity in your area . Electricity prices vary by region, so it's importan o compare the ealyour bill to the average rates for the area where you live. If your bill is significantly higher than average, you may be overpaying.

  

But how can your consumption compare with that of your area? Well, it's easier than many people think. The vast majority of users have a personalized QR code on their paper or PDF invoice that is used to go to the CNMC (National Markets and Competition Commission) website , where the average expense we make in our office will appear. house as well as the one that we would have paid in different companies according to your area.

● Analyzing your consumption history

If your energy use has increased significantly in the past few months, this will likely be reflected on your bill . However, if your consumption has remained constant, but your bill has increased, it is likely that you are paying more, or that there is a promotion that has expired.

In these cases, you should check if there is any promotion that you can benefit from and thus return to the previous price. Again, visiting the CNMC website may be a good idea.

● You have more contracted power than you need

You must bear in mind that you will always pay the fixed term of your electricity bill , regardless of your energy consumption. If you have more contracted power than you need, you will be paying more for sure, without really needing it.

But how do you know if your contracted power matches your consumption? Well, very simple. If you make extensive use of appliances, turning them on at the same time, and they've never blown leads, you probably have more power than you need. In this case, you just have to lower your power and adjust consumption to your needs so as not to overpay.

● Peak periods and valley periods

If you have a rate with hourly discrimination , you will pay a different amount depending on the time in which you plug the appliances into the home. In this case, for 14 hours a day, energy is usually 40% cheaper during off-peak hours, a period that extends from 10 p.m. to 12 p.m. in winter and from 11 p.m. to 12 p.m. in summer. Outside these hours, during the so-called peak hours, the cost of energy will be more expensive.

Therefore, if you find yourself in this situation, the ideal is to make the most of off-peak hours , using household appliances and other electrical devices at night. For example, running the dishwasher, washing machine or dryer during those hours. If you have a rate with hourly discrimination and you usually turn on the devices during the day, it is likely that you are paying more.