What Is a Utility Bill?

Written by Fraser Stewart
Reading time 2 minutes
What Is a Utility Bill? image

A utility bill is an invoice sent by utility companies in exchange for providing services in your home or business. Utilities are gas, electricity and water, the essentials for making your home habitable. A utility bill is either a variable or fixed rate. A variable rate means your statement will depend on how much of the utility you used in the billing period. A fixed-rate means that your bill will be the same every month as long as you do not use above a certain threshold of that utility.

How to find the best utility provider

Depending on where you live, you may only have one utility provider for water. But gas and electricity may offer the choice of several different companies. There are various factors to consider when selecting the right one for you:

Should I switch utility providers?

Changing over utility providers can be inconvenient, but if done tactically, it could benefit you in the long run. Many utility providers will run sign-up promotions or seasonal deals, and switching at the right time (or at least asking your utility provider to price match) can result in having a lower utility bill.

There is no hard and fast rule about how often you should switch utility providers, but you should keep your eyes open for any great deals. You should review your utility providers every two years and see if they still meet your energy usage needs.

My utility bill has increased working from home. What can I do?

Working from home is bound to increase your utility bills because you use electricity more daily, eat an extra meal or two at home, and use the toilet more often. Some employers offer a “working from home allowance,” which is an additional payment to help towards any increases in bills. Depending on your work, you may even be able to claim part of your electricity bill back on taxes, especially if you are self-employed.



 

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