For those who have noticed that their neighbor’s energy bill is higher than theirs, there are still practical tips that you can apply to save money. Here are some reasons your neighbor’s electric bill could be lower than yours and what you can do to save money on your next bill. Cross recommended reviewing your utility bill and keeping an eye out for terms like peak hours or time-of-use rates (TOU). You’re Not Optimizing Your HomeThe experts agreed that you can lower your electric bill by optimizing a few things around your house to help lower energy consumption. The good news is that you could see significant results on your next electric bill if you start to implement some of these changes.