Huge Electric Bill

Posted on June 26th, 2008 in News & Opinion, Energy by Smarty

My last electric bill from Con Edison was $97.34, the highest ever for a single month period. Since I have my electric bill payments automatically deducted from my checking account, I usually don’t look at the statements. But this time, I wanted to take a look at why the bill was so high.

There are two sections on the bill, one is the supply charges and one is the delivery charges. My supply charges was for a total of $48.94. Then there’s a delivery charge, for a total of $44.66. Add a sales tax of 4%, for a total of $3.74. The electric bill comes to a total of $97.34.

I wonder why my electric bill was so high. It was more expensive than many bills with a larger household size. For example, my parents electric bill with a household of 4, averages around $60 a month. I also live in a smaller apartment.

I called up Con Edison and question why my electric bill was so high, even compared to larger family sizes. A lady from customer service answered my call. Initially, she told me that what I saw on my bill is what I was charged for. Talk about being helpful, the customer service felt like a robot to me. And then she told me that different families have different electric usage. So, I asked if I can find out what is consuming so much power in my apartment. She told me that it could be because of my air conditioner, refrigerator, TV, etc.

I wasn’t satisfied with the answer. Then she asked me to fill out a questionnaire over the phone to see estimate what my monthly usage is. It didn’t really help at all. Finally, she told me that she would send me a guide to help me save energy at home. I didn’t think that will help me get to the heart of the problem. What I really wanted was that they send someone to my home to analyze the situation. In any case, the lady was not helpful, and she was rather impatient. I thought it would be better if l try to figure out the problem by myself.

In addition to the TV, refrigerator, and the usual appliances, I usually leave my computer on without turning it off. That may be one reason why my electric bill is so high. However, leaving my computer on, was something I have been doing for years, so that should not be the reason to why my bill had spiked up. My second guess was the 300W halogen lamp in my apartment. I was told that the halogen lamps consume a lot of energy, but I have a dimmer on it, so I always try to use the low settings.

Even then, I find it surprising that I consume more electricity than bigger families. I live in a small studio apartment in NYC, about 250 sq feet. I am usually not at home, so I don’t think I use that much electric power.

I can try to change my halogen lamp to a more energy efficient one and see if that will have an impact on my bill. And I will set my computer to sleep mode after there is no activity for some time.

Electric Rates
My current supply rate is 12.9020c/kWh.
My current delivery rate is 7.9356c/kWh.

What are your supply and delivery rates?

Oil Prices Hit Record $100 a Barrel

Posted on January 2nd, 2008 in Stocks, News & Opinion, Energy by Smarty

Oil Prices touched $100 a barrel today on the first trading day of the new year. The market tanked today from the weak manufacturing reports. There are many talks about an upcoming recession. The market certainly does not look good right now, and the dollar is still very weak.

I realized most of my losses in my portfolio before the end of last year to offset my gains. My biggest loss for the year was WM. I will have to assess the damage the credit crises has done to my portfolio. And I will put 2007 behind me so I can prepare for a new year. I will do more research and see which stocks and funds I should invest in for 2008. With high oil prices, the upcoming US presidential election, housing, credit issues, this year should be very interesting.

Good luck everyone. Be careful if you are trading in the markets.

Oil Futures Rise to $100 a Barrel

Stocks Drop on Weak Manufacturing Report

Oil Prices Causes Concern for Winter

Posted on November 12th, 2007 in Energy by Smarty

Oil Prices are ridiculously expensive now, approaching $100 a barrel. With the cold winter coming, heat is definitely coming in at a price. People are starting to worry about the increased costs of warming their homes. In this article, High Oil Prices Fuel Winter Heat Fears, Maine will be one of the states with the biggest concerns for keeping the heat on. Homeowners are going to see an increased amount in their spending on heat. Car owners will see an increased amount in their gas bill.

Unfortunately, there are no signs of oil price stabilizing in the near future. And natural energy has not been efficient enough to help reduce our consumption in oil. Our demand in oil will continue on.