We all like to save money, and our electricity bills are no exception. For this reason, we at Endesa will tell you which electricity rates are the cheapest so, at the end of the month, you can see from your current account how much you have saved.
Saving on bills is a way of life
You already know that saving on your bill depends on a number of factors. First of all, it depends on your consumption. Logically, if you consume less electricity, you will spend less. That's where the concept of energy efficiency comes in. It is not only desirable from the viewpoint of savings, but also from that of sustainability. Wasting electricity needlessly causes serious harm to the environment.
The second factor that influences your monthly spending is your contracted power rating. In our blog, we have already told you what a power rating is, why it directly affects your bill, how you can save money by lowering it and how you can change it.
Don't forget that the power rating of your home has a lot to do with your lifestyle: whether you use a number of appliances at the same time, how much power those appliances use, etc.
We have seen that both efficient consumption and your power rating are determined by the way you live your life: you can alter these factors to fit your routine or alter your routine to fit these factors. But not everything is as simple as it seems.
The cheapest electricity rates
There is also a third factor involved: electricity rates. Logically, we will always choose the cheapest electricity rates. But what are they? And this leaves you with another dilemma: How much can I adapt my way of life to fit that rate? And this is where it gets complicated.