10 Smart Ways To Cut Your Utility Bills 10 Smart Ways To Cut Your Utility Bills. Click to skip ahead and jump to the Utility bills are a major annoyance to most. Utility prices are soaring amid increasing costs and changing climate. In February 2021, three major power storms swept through Texas, a state generally more famous for harsh summers than harsh winters, and as such, was unequipped to deal with the devastation the snow storms wrought, with houses not being built to battle such terrible weather. This also led to power failures on a massive scale, as the highest demand ever was recorded, and at least 4.5 million homes in the state were left completely without power. And at the end of the day, wholesales electric prices jumped massively up to $9,000 per megawatt-hour, while typically the price would be around $50 per megawatt-hour. Some customers ended up facing more than $5,000 in bills for just 5 days, and led to them suing the power company, which later had to declare bankruptcy.