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Finance Tip of the Day

Saving on Electricity: Flat Billing Pitfalls

  • 2016 20 Sep
Saving on Electricity: Flat Billing Pitfalls


Saving on Electricity: Flat Billing Pitfalls 

Don’t be deceived!

Even though you’re on a flat rate plan, electric and gas companies set the rate assuming you will be using lots of electricity or gas during the summer or winter months.

Ask your electric and gas company about penalties for changing to a standard plan before your 12-month period expires. Also ask them about “administrative” fees associated with flat rate billing. Every time you pay an “administrative” fee for convenience is a bad idea for your budget.

Today's tip brought to you by Mvelopes and Money4Life Coaching.