Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Energy Bills Are Too Expensive? This Might Be Why…

August 23, 2022 · Budgeting

If you’re anything like the rest of us, you don’t pay a lot of attention to your power bill. You simply pay it, maybe complain a bit about the rising prices, and then you forget about it until next time. However, it all changes when you suddenly realize that your bill has jumped up or even doubled…what’s the matter with that?

Truth be told, rising energy bills can be very frustrating. I mean, your housing payment doesn’t change a bit. As well with the car payment, it stays the same month after month. Well, there could be plenty of reasons why your utility might be going through the roof.

Luckily, many actions can be done, to consistently lower your bill. The first step is to figure out WHY. Here are 12 important lessons you need to remember when it comes to energy bills:

energy bill
Photo by Travelpixs from Shutterstock

Vampire sources are always draining power

When you go out, you turn off the lights, you unplug your curling iron, and you probably adjust the temperature to come back to the perfect temperature. All these things are probably helpful when it comes to saving more energy, but there’s a high chance you still have a couple of vampire sources constantly draining electricity without knowing anything about it.

Vampire sources are appliances and electronics that always stay plugged. Think about your television, your kitchen appliances, your smart speaker, and your computer. All these appliances and electronics still need a small amount of energy all the time.

So when you leave your computer, or just its charger plugged into the wall without the computer connected to it, it will still consume energy long after it is charged. Even if these vampire sources might not be at fault for a $50 surge in your energy bill, they are still drained of energy that will add up over time.

A cut-paper collage comparing an old lightbulb to a modern LED with text noting 75 percent less energy and 25 times longer life.
Incandescent bulbs waste energy as heat while efficient LEDs use 75% less power to operate.

Inefficient lightbulbs

Nowadays, you could still have many choices when you go to buy a lightbulb, whether it’s incandescent, halogen, compact fluorescent (CFLs), and even light-emitting diode (LED) bulbs. All of these bulbs contain different amounts of energy.

Incandescent lightbulbs and CFLs usually emit light and heat in any direction, which will waste a ton of energy. LED bulbs, on the other hand, are much more efficient, as they emit light in a very specific direction. They use 75% less energy than the traditional ones, and they last 25 times longer, which means that you will save much more money on bulbs AND energy altogether in the long run.

An infographic showing heat escaping a house with labels stating heating and cooling makes up 54 percent of monthly utility bills.
Red arrows show heat escaping through the attic and windows, accounting for over half your energy bill.

Insufficient insulation

Your windows are probably not as closed as you thought they were, which might affect you in a way. Insufficient insulation is probably the single biggest culprit when it comes to high energy bills. Just think about the work your HVAC system has to go through to keep your home at your desired temperature.

And this applies even more if you live in an extreme climate. Trust me on this, if your home isn’t insulated right, all that air, whether it’s warm or cool, will escape. When you notice that heating and cooling your home makes up more than half (54%) of your monthly utility bill, it’s much easier to see how poor insulation might increase your bill.

If all the US homes were insulated the way they should be, “all the residential electricity use all over the country would drop by about 5%, and natural gas use by over 10%” according to Dr. Jonathan Levy, professor of Environmental Health at Boston University.

A person pulls an older refrigerator away from a kitchen wall to inspect it, captured in a candid home documentary style.
Pulling out an old refrigerator reveals dusty coils that could be driving up your monthly energy bills.

Check all the older, less-efficient appliances

This one is not that complicated – older appliances are just not as good as the new ones, which might impact your energy bills. For example, ENERGY STAR appliances use 10-50% less energy than their less-efficient counterparts.

ENERGY STAR appliances are certified to “save more energy, save more money, and protect the climate”. Replacing a 10-year-old refrigerator with a newer model might save you as much as $144 in energy costs over 5 years. So when you’re finally ready to replace that old dishwasher or fridge of yours, make sure you let the new come into your life and help you to save more energy!

energy bill
Photo by Monkey Business Images from Shutterstock

Irregular or inefficient thermostat use

Beyond just checking just how well is your house insulated, how you use your thermostat might also raise or lower the electricity bill. Most of us will adjust our thermostats depending on how warm or cool we want to be. Is it cold outside today? Just bump that thermostat up!

That’s a rather inefficient way to control the proper temperature in your home. You should consider more what your house needs, then get one of those smart thermostats or even a programmable one to help you automate everything you need. For example, you could easily program your heat to dial back when no one’s home, or at night when you’re already in bed.

A horizontal line graph showing energy costs rising during peak hours and falling during off-peak hours.
This 24-hour timeline illustrates how electricity costs surge during the highlighted peak evening hours.

Peak-time energy use

You pay more for traveling when you’re on vacation, and more for electricity when you use it the most. Did you know that energy rates fluctuate throughout the day, depending on the demand? As so many Americans work from nine to five, the majority of our at-home energy use will usually take place first thing in the morning and during the evening.

Well, that’s also when the energy rates are the highest, thanks to the increase in demand. Knowing all this, you can easily limit your use of appliances during these times. And if you can, try doing some of your usual chores in the middle of the day, or even later at night (if that’s possible), to take advantage of the lower rates.

energy bill
Photo by Gorodenkoff from Shutterstock

Your social life needs to be taken into account too

It could be over summer or for Christmas, whatever it is, you’ll throw a party or two at your own home, right? But what happens exactly when you host a party? You cook more, you keep the lights on in rooms of the house that you wouldn’t normally spend time in, and you could even stay up a little later than you’d normally do, leaving the lights a bit longer.

Well, if you host a lot, you’d probably see the difference in your electric bill. Even if this is not even the cause for concern or something you’d want to change, it might help you understand why your bill has increased so much.

A close-up of a person in a wool sweater adjusting a digital thermostat on a white wall.
A hand in a sweater adjusts a smart thermostat to manage home heating and energy consumption.

Changes in your energy use

If you’re not used to tracking your energy use (and I honestly don’t know who would), it’s very easy to assume that you always use the same amount of energy every month. But in reality, you aren’t. Think about those times when you might have used more electricity!

For example, right in the middle of the summer, given that you could run your air conditioner more often. What about all those festive lights during the holidays that consumed so much electricity? It could have powered 18 million refrigerators!

However, there are many reasons why you would notice changes in your electricity use. Maybe you added a new appliance to your home, or you added a space heater that resulted in big increases in your energy bill. So if you notice a difference in your energy bill, just think about how your electricity usage might have something to do with it, too.

If you enjoyed reading this article, we strongly recommend you: 9 Great Ways to Stay on a Budget While Traveling

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Senior woman reviewing a prescription medicine bottle at a kitchen table beside a handwritten monthly budget notebook. 6 Programs That Help Retirees Pay for Prescriptions
  • Illustration of attic storage transitioning into an auction gallery displaying vintage vinyl records and board games. 7 Items From the 1970s That Are Worth a Lot of Money
  • Senior woman sitting at a sunlit wooden table looking out the window near a benefit statement and coffee mug. Why Your Social Security Raise Might Be Smaller Than You Think in 2027
  • Watercolor illustration of an older couple sitting at a wooden table reviewing documents, medication boxes, and a calendar. 8 Medicare Changes Coming in 2027
  • Smiling senior man in a plaid shirt and apron tending to potted plants outside a greenhouse. 10 Jobs That Require Zero Prior Experience and Hire Retirees on the Spot
  • An older man wearing a denim apron and gloves tends to potted plants on wooden shelves inside a greenhouse. 12 Low-Stress Part-Time Jobs Perfect for Retirees
  • A senior man wearing glasses sits at a wooden kitchen table reviewing a financial statement beside an open notebook. Can I Stop My Social Security and Restart Later?
  • Illustration of a Social Security card featuring a heavy gold bank vault door in the center. 10 Riskiest Places to Give Your Social Security Number
  • A woman in a sunroom looks at her phone next to a Social Security statement with the age 62 circled in yellow. Social Security COLAs at Risk for Millions — Here's Who the New Proposal Protects (and Who It Doesn't)
  • Mature couple sitting at a wooden kitchen table reviewing retirement planning documents and budget folders. 6 Key Risks That Could Drain Your Retirement Savings

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

hotel

7 Hacks to Get Cheaper Hotel Rooms Everywhere You Go

A woman relaxes with coffee, admiring the Paris skyline from a bright hotel room secured…

Read More →
A happy couple shopping with a full cart at a warehouse club in 2026.

Top 10 Sam’s Club Deals You Can’t Ignore in 2026

Unlock the best Sam's Club deals of 2026. From 50% off memberships to secret savings…

Read More →
restaurant

You Can Spend Less at Restaurants With These 10 Tips

How much money do you spend at restaurants in a year? According to a few…

Read More →
budget your groceries bulk

Experts Shared 8 Tips to Budget Your Groceries

Did you just realize that you’re overspending on food? Don’t worry, you’re not alone in…

Read More →
Watercolor illustration showing a collage of retirement activities: hiking, theater binoculars, and movie tickets.

Entertainment Discounts for Retirees: Movies, Museums, and More

Maximize your retirement budget with actionable strategies for securing the best entertainment discounts on movies,…

Read More →
car insurance wealth

Car Insurance Costs: These 8 Clever Tips Will Cut Them Down

Did you know you can lower your car insurance cost? When you’re driving around and…

Read More →
A couple shopping for high-end deals at a modern warehouse store.

12 Costco Deals Shoppers Are Jumping on for 2026

Discover the 12 best Costco deals for 2026, including new pharmacy savings, travel packages, tech…

Read More →
Home Renovation

7 Home Renovations That Will Hurt Your Home’s Value

Visualize your dream home while standing in a bright, empty room featuring classic hardwood floors…

Read More →
An older woman sits thoughtfully at her kitchen table looking at a paper bill in warm afternoon light.

What a Smaller COLA Could Mean for Your Budget

Learn how to adjust your retirement budget, navigate taxes, and handle rising Medicare costs following…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.