Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
How to read your electric bill
Know what to look for so you can understand how much you're being charged for electricity.
Electricity bills tell us a lot of information, from how much you owe to how you consume power. These details can help you cut down energy usage and costs. They can also help you decide whether switching to a different plan will save you money.
We can take you through what to look for and where to find it so you can decide your next steps.
How to read your electric bill
Where to find the exact information you need is different for each brand. However as a general guide, we took a sample bill from Con Edison and broke down each section.
While there’s a lot of information on any electricity bill, the main details to check include:
Address, name, account number and other details necessary for your retailer to identify you. Keep this information handy if you’re contacting your retailer online or over the phone.
This is usually shown at the top of your bill or near your account info. You’ll see what you owe, payment due date, payments you’ve already made and any late fees.
Find out if your bill has any adjustments or corrections and overdue or termination notices.
You’ll need this slip if you’re mailing a check or money order payment to Con Edison.
For electricity, your usage is shown in kilowatts per hour (kWh).
For gas, it is shown in therms for the entire billing period.
This includes information about the billing period, your meter reading and how much electricity you used.
This is a detailed breakdown of how you’ve been charged.
This will split your total charge into supply costs, delivery charges for
simply being connected to the grid and taxes and fees:
- Usage costs
- Delivery costs
- Sales tax
This handy graph shows you how much energy you’ve used in the past year and how your current average use compares to the same time last year.
A list of options for how to pay including direct debit, online, phone, in-person payments and mail.
How can I use my bill to save on electricity?
- Compare rates. With your actual usage in front of you, you can compare your current plan to others to see how much you stand to save.
- Consider taxes. If you’re on a single rate plan but realize that most of your energy use takes place in the evening, it might be worth considering switching to time-of-use rates. This rate system charges more during peak times during the day but less at night.
- Examine usage patterns. If your energy spikes during specific months, try tracking down the cause. If you’re running the air conditioner or heating system more than usual, you might be able to cut back on energy by raising or lowering the temperature.
- Energy-efficient products. If you’re shopping for new appliances, consider an Energy Star certified product. Energy Star certified appliances, products and equipment help save energy and money without compromising performance.
Frequently asked questions
More guides on Finder
Energy costs by state
Which states have the most expensive and cheapest energy cost?
A beginner’s guide to your 401(k)
Invest in your retirement while enjoying tax breaks and peace of mind.
13 of the best shoes for nurses
Shop some of the best nursing shoes to help you stay on your feet in comfort and style. We share our picks and tips and advice from nurses.
How to start investing in your 20s: 7 tips for beginners
7 tips for starting a portfolio if you’re new to investing.
Wagmo pet insurance review May 2021
Get pet insurance that reimburses 100% of your vet bills or a separate wellness plan.
Biden plans another boost for electric car stocks
Biden’s plan to replace the federal fleet with American-made electric vehicles gives another boost to a red-hot sector led by Tesla.
Power bank buying guide: How to find the best portable charger for your devices
We’ll help you choose the right power bank for your devices. Learn how to compare power bank capacity, ports and other features.
Electric vehicles in 2021: How new models, insurance rates and tax breaks affect their cost to own
See average EV insurance rates for 2021 based on Finder’s car model research, plus new models on the horizon.
Do-it-yourself divorce: How to file papers on your own
Save money by handling everything yourself, but only if it’s uncontested.
How much does pet insurance cost for cats?
Discover insurance costs for your cat’s specific breed, based on the 40 breeds we analyzed.
Ask an Expert