Why is my electricity bill so high?
There could be a number of reasons for this...
Have you noticed that your electricity bills are higher than usual? There could be a number of reasons for this, including a higher usage, or an estimated bill. Knowing the reason for a jump like this in your bills could help you to make some small changes and get your costs under control again.
1. Your bill was estimated
The easiest thing to check first is whether or not your bill was estimated. Generally if you receive an estimated bill, you will see an ‘e’ next to your usage.
If you do spot this, read your electricity meter and submit a reading to your supplier.
Submitting meter readings regularly will mean that you’re billed for your actual usage, so if you can get into the habit of doing so, you should avoid any future bill surprises.
2. Your usage has greatly increased
If your bill wasn’t estimated, compare your electricity bills for the last few months and see if your usage has increased a lot - you’ll know this if the number of units used is much higher on your latest bill.
Usage does tend to jump in winter time, when you spend more time at home with lights and appliances turned on. And, of course, if your heating runs off the electricity - like with storage heaters - this can have an impact, too.
If you want to cut down on your electricity usage, take some time to implement some energy-saving measures around the home. Small changes, like turning appliances off fully, rather than leaving them on standby, can make a huge difference.
3. You have signed up to a budget electricity plan
Budget electricity plans mean you pay the same amount for your electricity every month, rather than paying for the energy you actually use. What this means in practice is that you generally pay for more than what you’re using in summer and less than what you use in winter.
What you pay is determined by your electricity supplier after they review your usage habits. Given that we’re coming into summer, if you have just changed to a plan like this, it’s possible you could be paying more than what you usually pay at this time of the year, because of the level payments involved.
4. You have reached the end of your discounted period
If your bill wasn’t estimated, and your usage hasn’t gone up, there could be a very straightforward reason for the increase - you’ve moved from a discounted to a standard rate.
Some electricity discounts at the moment are up to 33%, so reverting from this discounted rate to a standard tariff will obviously have a huge impact on your bills.
The only way to combat this kind of a rise is to compare electricity deals and move on to a new discounted rate with a different supplier.
You could save up to €226 per year at the moment by switching electricity supplier alone, so take advantage of the best deal to make sure you’re not overpaying.