PITTSBURGH (KDKA) – If you got sticker shock when you recently opened a utility bill, you’re not alone – and the current cold shock will only make the situation worse.
So why not go shopping for a lower rate?
The potential for savings is certainly there and the Public Utilities Commission, aka PUC, says all you have to do is look.
Just like comparing prices on grocery store shelves, you can do the same when taking your gas and electricity bills into account.
What you’re choosing when you shop is the portion of your bill that relates to the energy you actually use – kilowatts of electricity or cubits of natural gas that you consume every month to light or heat your home.
This service will still be provided through the same electrical or gas lines in your home, and you will still pay the same utility company as Duquesne Light or People’s Gas. They keep their transmission costs and send the rest to the carrier of your choice.
“For most consumers, that’s 1/2 to 2/3 of your bill,” said Nils Hagen-Frederiksen, a spokesperson for PUC.
But the question is how do you know that the company you choose is reputable.
“They require a PUC certificate to operate in the Commonwealth,” says Hagen-Frederiksen.
See: Report by John Shumway of KDKA:
Know that there are many suppliers and you first need to know who you are paying for right now and how much you are paying. Then you can start shopping.
“It is very important when you shop that you understand the terms and conditions and PUC has two energy shopping websites. They are independent, neutral places where people can find energy procurement information,” says Hagen-Frederiksen.
PUC doesn’t care who you pick, but warns that there are a few things to watch out for.
Terms and conditions, including rates, are one of the important things to keep an eye on.
uThe rates are fixed or variable and if the tenors are three months, six months or a year, all of these can affect the price.
You can save a lot, but you have to read the fine print.
“You can save at least 7% off the current price offered by your utility with what is known as the standard offer scheme, which is a 12-year fixed-price program,” says Hagen-Frederiksen. month in which most providers participate.
Prices are competitive and savings are there, but the devil is in the details.
For those who live in a smaller house or apartment, you can save, but the less total you spend, the fewer dollars to save.
If you’re on a tight budget, every dollar counts, so read every deal you get, but compare shopping online.
Click here for more information from PUC.
https://pittsburgh.cbslocal.com/2022/01/19/shopping-around-for-better-rates-on-utilities/ Shop around for better prices on gadgets – CBS Pittsburgh