MyEnergy – Compare Spending On Utility Bills

Utility costs are skyrocketing nationwide, and almost everybody is looking for ways to save. MyEnergy is a web-application that gives its users a way to do just that, providing tools that enable homeowners to compare their average utility bills to those of their neighbors, and pinpoint ways that they can cut down on monthly heating and cooling costs.

MyEnergy works in three basic ways. The platform lets you track your spending on utility bills, compare your costs to neighbors, and find out ways to save each month. Enter your address into the MyEnergy platform, along with the login information you use to pay your electricity, gas, and water bills. Once MyEnergy has verified your credentials, you can track your energy consumption over time and compare your monthly bills to those of your neighbors. You can also learn about actionable steps you can take to reduce your costs, like running your dishwasher at night and installing a programmable thermostat.

MyEnergy doles out reward points to users based on their energy consumption patterns. These points can then be redeemed for prizes (like free coffees, free museum tickets, or 25%-off coupons) at local establishments. Merchants benefit from the arrangement, as well, since partnering with MyEnergy gives them a way to put their products in front of tech-savvy consumers in their local markets.

Practical Uses:

• Find out ways to cut your electricity bill each month
• See whether you use more gas than your neighbors
• Track your water usage over time
• Learn about government energy rebates that could help you save money

Insider Tips:

• Connect with neighbors and friends who also use MyEnergy
• Earn reward points for using less electricity, gas, or water
• Add additional details about your home for better cost savings tips
• Connect MyEnergy to your Facebook or Google accounts

What we liked:

• MyEnergy provides users with actionable ways to cut utility costs
• People can earn prizes from local merchants for using less gas or electricity
• Users can decide whether to make their MyEnergy profiles public or private
• Businesses can attract new customers by offering rewards to MyEnergy users

What we didn’t like:

• MyEnergy was unable to connect to my utility company’s website the first time I used the app

Alternatives:

• None

Company Info:

• Privately Held
• Headquarters: Boston, Massachusetts, and Irvine, California
• Founded by: Ben Bixby and Greg O’Keeffe
• Web site: https://www.myenergy.com

Costs:

• Free