Choose your electricity provider

Did you know that in some states, you can choose your own electricity provider?

I had no idea about this, as I've never lived in a state where electricity has been deregulated.  But in areas of Connecticut, Illinois, New Jersey, and Pennsylvania, among other states, you can choose which electricity provider you want to use.  This article gives a comprehensive guide to electricity deregulation.

How do you choose which provider will give you low cost electricity?  Check the websites of electricity providers in your area.  Get out your old electricity bills and figure out how many kilowatt-hours your home uses each month.  At many sites, there will be an estimating program that will give you an idea of what your bills will be.  Be sure to check for any fees for switching or other monthly fees.  If the site doesn't have this information, give a call to their customer service and ask.  Also compare these costs to what you're paying now.

Once you've figured out which electricity provider is the cheapest for your situation, make the change or stay with your current provider.  (Get it - "current" provider?  Electrical current?)  And you'll save money easily each month, which you can put toward other financiall goals.

(Disclosure: This is a sponsored post on behalf of Low Cost Power. Please see my disclosure policy for more information.)