Understanding Your Electric Bill Terminology

Social dis­tanc­ing in these unset­tled times is allow­ing us to get projects done or clean­ing chores accom­plished.  Have any of you been sort­ing through all those papers that accu­mu­late?  Have you ever real­ly looked at all of the infor­ma­tion on your elec­tric bill?  It can be quite con­fus­ing and over­whelm­ing.  When the social dis­tanc­ing restric­tions are lift­ed, we will do a video to help explain every­thing about your elec­tric bill.  This will give you the infor­ma­tion to edu­cate you on what to look for when you get those phones calls.  You want to be sure that you are pay­ing the best rate avail­able for your busi­ness.  Who does­n’t like to save money?

So for now, let’s just get famil­iar with some of the ter­mi­nol­o­gy that elec­tric com­pa­nies use.  If you have a copy of your elec­tric bill go ahead and grab it.  If you get your billing online, log in to your elec­tric bill account.

Your elec­tric bill will show var­i­ous types of charges.  Let’s use AEP as our elec­tric com­pa­ny for this information.

Gen­er­a­tion ser­vice is the cost of the elec­tric­i­ty that we use.

Trans­mis­sion ser­vice is the cost of trans­port­ing the elec­tric­i­ty via high-volt­age lines from the gen­er­at­ing plant to local substations.

Dis­tri­b­u­tion ser­vice is the cost of deliv­er­ing that elec­tric­i­ty to your business.

Cus­tomer charges are the fixed costs for ser­vices that include meters, meter read­ing and cus­tomer billing.  These costs are not affect­ed by how much elec­tric­i­ty you use.

As busi­ness own­ers, man­agers, or employ­ees our job is to always find ways to save mon­ey.  Did you know that you can also “shop” for the best deal on elec­tric­i­ty costs?  We look for ways to save mon­ey on sup­plies, prod­ucts, and any­thing we use in our day to day busi­ness oper­a­tions.  Let’s save some mon­ey on our util­i­ties too.

Triple “S” Ener­gy can advise you how to save mon­ey on your elec­tric and gas bills!

So until we can be in the same room again, stay safe and STAY HEALTHY! If you would like infor­ma­tion now on how to save on your ener­gy cost, send a copy of your electric/gas invoice to scarpenter@triplesenergy.com for review.