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.
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