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What Do Estimated Bills Mean? Here’s What Estimated Electricity Bill Means & How to Prepare

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January 30, 2024
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What Do Estimated Bills Mean? Here’s What Estimated Electricity Bill Means & How to Prepare
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Australians know the drill: that sinking feeling when an uncharacteristically hefty bill lands in the mailbox. But is it the result of a sudden power surge fueled by Netflix marathons, or something more… enigmatic? The culprit might be lurking within the dreaded estimated bill.

Demystifying the mystery: What do estimated bills mean?

Estimated electricity bills, also known as estimated power bills or energy bill estimates, are essentially what they sound like: bills calculated based on an estimate of your energy usage rather than an actual meter reading. While this might seem straightforward, understanding the ins and outs of estimating electricity bills can empower you to navigate your energy spending confidently.

You may already have an energy plan but want more power or to shop for a better deal. Switch to a better plan now!

How can you tell if your bill is estimated?

  • Identification: Look for the word “estimated” or the letter “e” next to the usage charges on your bill.
  • Accuracy: Estimated bills are based on past usage patterns, weather data, and similar households in your area. While they may be fairly accurate, it’s important

Why do you get estimated bills?

You may get an estimated bill instead of an actual one for several reasons. Some of the common ones are:

  • Missed meter reading: When your trusty meter reader can’t access your meter due to locked gates, overgrown foliage, or even aggressive pets, your bill gets an estimated makeover.
  • Faulty meter: Sometimes, malfunctioning meters lead to inaccurate readings, prompting your energy provider to resort to estimates.
  • Extreme weather: Mother nature can play havoc with the grid, making actual meter readings impractical during storms or floods.
  • New account: Until your first official meter reading, your initial bill will naturally be an estimate.
  • You have a smart meter not communicating with your energy retailer due to technical issues or network outages.
  • The meter reader did not provide your meter data to your energy retailer in time for billing.

What are the implications of estimated bills?

Estimated bills can have some implications for your energy costs and consumption. Some of the possible outcomes are:

  • Your estimated bill may be higher or lower than your actual usage, depending on how accurate the estimate is. This means you may be paying more or less than you should for your energy.
  • If your estimated bill exceeds your actual usage, you may get a credit on your next bill when your meter is read correctly. This can help you save money on your future bills.
  • If your estimated bill is lower than your actual usage, you may get a debit on your next bill when your meter is read correctly. This means you will have to pay the difference for the energy you previously used but did not pay for. This can cause bill shock and make it harder to budget your energy expenses.
  • If you get multiple estimated bills in a row, your energy usage may not be reflected accurately on your bill. This can make tracking your energy consumption difficult and identify ways to reduce it.

The next steps

Receiving an estimated bill shouldn’t cause undue stress. Here’s what you can do:

  • Track your usage: Monitor your own electricity consumption through in-home displays or smart meter apps to compare it with the estimated bill.
  • Submit a meter reading: If you can easily access your meter, you can often submit an actual reading through your provider’s online portal or mobile app.
  • Contact your provider: Don’t hesitate to contact your electricity provider if you have concerns about the estimated bill or suspect inaccuracies. They can clarify the estimation process and address any discrepancies.

Remember:

  • You have the right to request an actual meter reading if you disagree with an estimate.
  • Contact your energy provider to discuss payment options if you face financial hardship due to a back bill.

To stay ahead of the curve, several tools and resources can help you manage estimated bills:

  • Electric bill estimators: Online tools like EnergyAustralia’s “Estimate Your Bill” or Origin Energy’s “Bill Estimator” can help you predict electricity usage and potential bills.
  • Smart meter apps: Many energy providers offer apps that allow you to monitor your real-time electricity consumption and track past usage patterns.
  • Australian Energy Regulator: This independent government agency provides information and resources on energy bills and consumer rights, including estimated bills.

How can you avoid estimated bills?

The best way to avoid estimated bills is to ensure that your meter is read regularly and accurately. You can do this by:

  • Providing safe and easy access to your meter for the meter reader. This may involve clearing obstacles, unlocking gates, or securing pets that may prevent the meter reader from reaching your meter.
  • Check your meter reading schedule and plan ahead. You can find the date of your next meter read on your bill or by contacting your energy retailer. You can also arrange for a special meter read if you need one.
  • Submitting your own meter reading to your energy retailer. You can do this online, by phone, or by using a mobile app. You will need to provide your meter number, the date of the reading, and the reading itself. You can find instructions on reading your meter on your bill or your energy retailer’s website.
  • Switching to a smart meter if you do not have one already. A smart meter is a digital meter that automatically sends your meter data to your energy retailer. This eliminates the need for manual meter reading and ensures your bill is based on your actual usage. You can contact your energy retailer to find out if you are eligible for a smart meter upgrade and the costs and benefits.

Read more about:

The bottom line

Estimated bills are temporary, and your next bill will be adjusted based on an actual meter reading. By understanding the process and utilising available tools, you can confidently navigate estimated bills and ensure you’re paying for the electricity you use. Remember, communication is key – if you have any concerns, reach out to your provider for clarification and assistance.

Understanding estimates of electricity bills may not turn them into love letters, but it equips you with the knowledge to manage your energy expenses effectively. So, the next time that “e” symbol flashes on your bill, remember: you’re not alone in navigating the mysteries of estimated bills. With a little awareness and proactive action, you can keep your energy budget and peace of mind on track.

Going solar

Are you looking to save money on your electricity bills and reduce your carbon footprint? Solar energy is the perfect solution! Energy Matters can help you get up to 3 FREE solar quotes from pre-qualified and vetted solar firms in your area.

Energy Matters has been a leader in the renewable energy industry since 2005 and has helped over 40,000 Australian households in their journey to energy independence. With Energy Matters, you can be sure you’re getting the best possible deal on solar energy. We only work with reputable solar firms with a proven track record of delivering high-quality solar systems.

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