How is the current utility bill calculated?

The Your Current Utility Bill number is calculated using this equation: 

(current cost per kWh x average monthly consumption) = current utility bill

Which consists of these two numbers: 

• Average Monthly Consumption: this is found by taking the customer’s annual consumption and dividing it by 12 to get the average per month.

• The Current Cost per kWh rate: This value is amount the utility company charges for each unit of energy, as well as any fixed charges broken down to a rate.

  • This comes from the utility company data, which is added and updated by our Utility Research team. 

The current utility bill is an average, meaning it is the customer’s entire estimated yearly cost divided by 12 to give a single monthly average.