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Is this normal? Live in a 1400 sq ft apartment, have kept my thermostat at 67. It is all electric, and third floor. It's also a new build apartment complex and doesn't seem to be drafty. I've lived in an all electric apt previously and my bill would be half this and the dead of winter. I've had Duke in the past, this place is through Hendricks Power
Nah, your benefit is 100% your source of heat not your lightbulbs. You're expending next to nothing to actually heat anything - you're just paying to move the already heated stuff around. That's like building a fire in my basement next to the furnace and just turning the blower on. Sure, my energy bills would be low because I'm not burning any gas or electricity to heat anything - which is a massive draw compared to running a blower motor or fluid pump.
I feel like you're in the perfect storm situation here. Is your 3rd floor unit the top floor for your building?
Probably minimal overhead insulation so your apartment will be the coldest/draftiest in the building. 2nd floor apartment would have the lowest bills, probably, since they benefit from your unit overhead as insulating space and the rising heat from the 1st floor. Are the units on either side and/or below you occupied? If your neighboring units are being kept just warm enough to not freeze pipes, that'll definitely effect your unit - especially since interior walls are often not particularly well insulated.
You paid less than $300 for 4200ft²? My dad's 1200ft² house with electric heating was, and probably still is, routinely over $400. But that's CenterPoint, so.
My dad's house with electric heat was routinely $400-500 per month to heat... Meanwhile mine with natural gas and 30 years older runs around $200 at most.
Ya the budget plan is only a deal if your usage will be less or equal year over year. If you use more, that's not factored in - and you will be billed for it.
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Careful. Because if it works like CenterPoints budget plan if you use over what's been budgeted for you'll end up with a large lump sum due when they reevaluate your rate next year.
More than once I've seen someone sign up because the budget plan was super cheap compared to their normal bill - so they sign up and go back to not worrying about the bill amount and use whatever... Then get hit with a $1000 bill at recalculation.