WhiteFence Index Reveals Home Utility Price Trends

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WhiteFence.com (http://www.whitefence.com), the nation’s leading site to compare, connect and save on home services, today released analysis of consumer sales data through July 2012 that explores summer trends in utility bills paid by the average family in major U.S. cities.

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ELECTRICITY

Extremes:
1.    Highest bill: Phoenix, AZ, at $214.61
2.    Lowest bill: Los Angeles, CA at $39.30
3.    Largest Month over Month (MOM) increase: Las Vegas, NV, from $134.34 to $201.53
4.    Largest MOM decrease: Chicago, IL, from $93.51 to $89.93

For many providers, the summer season begins in June and continues through September. Usage increases in many places during the summer season, and some providers set summer rate schedules so that usage over a certain baseline costs more during the summer season.

Phoenix, AZ had the highest bill, calculated using rate info from Salt River Project and APS. Though rates remained the same, average usage in Phoenix is at its peak during July. Las Vegas, NV, using rate data from Nevada Power, had the largest month over month increase in July, jumping up by $67.19 compared to June. Nevada Power’s rates actually slightly decreased, but usage spikes significantly in Nevada in July compared to the other states in the index.

Seattle, WA, served by Puget Sound, sees steadily decreasing usage in the summer months due to the milder weather there during that time of year. Rates did not change from June to July, but the decrease in usage accounts for a small decrease in the average monthly bill. The lowest bill belongs to Los Angeles, CA. In general, electricity usage in California is low due to mild weather and also the government’s energy efficiency programs. Relatively lower rates compared to other providers in California also contribute to the low bill.

NATURAL GAS

Extremes:
1.    Highest bill: New York, NY, at $35.05
2.    Lowest bill: Boston, MA at $8.20
3.    Largest MOM increase: Indianapolis, IN, from $28.55 to $29.73.
4.    Largest MOM decrease: New York, NY, from $36.82 to $35.05.

Natural gas usage declines to a yearly low in many places in June and July. The average monthly bills in July for all of the cities in the index remained fairly stable next to the bills for June, with none fluctuating more than $2.

The average bill for Indianapolis, IN, using rate information from Citizen’s Gas, saw the largest MOM increase, though the increase was relatively small at only $1.18. A slight increase in the base energy price resulted in a higher bill compared to June, though usage remained the same. New York, NY maintained its record for having the highest bill, calculated using rate info from National Grid. NYC consistently has relatively high usage compared to other cities, and accordingly has seen the highest bills; however, NYC also saw the largest MOM decrease from June to July, partially because base energy price decreased along with usage.

Boston, MA, served by NSTAR, had the lowest bill. This is the fourth month in a row for Boston- rates have not changed since last month, and usage has stayed at a seasonal low.

HIGH SPEED INTERNET, CABLE, PHONE

For May and June of 2012, New York, NY has had the highest bills for high speed internet, and the trend has continued into July. NYC has also had the highest television bill for several months, this month at $63.89, maintaining a streak of average television bills of over $60 since February of 2012. For home phone service, Portland, OR had the highest average bill this month.

With the London Olympics reaching a close and football season just gearing up, many Americans are shopping for new cable packages. The beginning of the fall semester is almost here. First year college students are moving to new cities, and college students of all ages are moving to new apartments… and everyone is trying to find great deals on high speed internet. Take advantage of the ability to shop around for the best options by comparing providers and packages on WhiteFence.com just by entering an address.

ABOUT WHITEFENCE

WhiteFence is a free service that helps homeowners and renters compare, connect and save money on phone, internet, television, electricity, natural gas, and other home services. By simply entering a street address onto the secure site, people looking to save money or start new service can find the most comprehensive list of plans available for their specific address from over 300 nationally recognized partners. As a trusted home service shopping source for 20 million people annually, WhiteFence makes it easy to establish service directly on the site in a few simple steps. WhiteFence is an Internet Capital Group partner company. WhiteFence is headquartered in Houston, Texas. For more information, please visit WhiteFence.com or view the index data at WhiteFenceIndex.com.

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Lindsey Hieb
WhiteFence
(713) 663-0152
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