Calculating Utilities

What are some examples of fixed expenses for renters and homeowners?

• Television service, internet, phone

• Renters' insurance, small appliances

• Deposits on utilities, property taxes

• Cleaning and maintenance supplies, furniture

What is the biggest monthly expense for homeowners?

• Homeowner’s insurance

• Property taxes

• Cleaning and maintenance

• Mortgage payment

What is the purpose of budget billing with utility providers?

• To pay a different amount each month

• To minimize fluctuations in monthly bills

• To increase the monthly utility expenses

• To track utility expenses over time

What is the main advantage of selecting a budget plan with a utility provider?

• It provides a rough estimate of monthly expenditure

• It minimizes the variation in monthly use of utilities

• It increases the size of the monthly bills

• It allows customers to pay the same amount of money each month

What is the responsibility of the landlord when it comes to repairs in a rental property?

• To arrange with professionals for repairs

• To increase the monthly utility expenses

• To minimize fluctuations in monthly bills

• To pay for repairs of appliances

What is the purpose of a damage deposit and monthly charges of 'pet-rent' for renters?

• To minimize fluctuations in monthly bills

• To cover the cost of furniture and small appliances

• To allow renters to have pets

• To increase the monthly utility expenses

What is the main advantage of keeping track of utility expenses over time?

• To provide a rough estimate of monthly expenditure

• To increase the monthly utility expenses

• To eliminate the need for budget billing

• To plan for high bills due to changes in the weather

What is the purpose of selecting a utility provider in Virginia?

• To allow consumers to choose from a list of competitors

• To increase the per-unit costs of electricity

• To track utility expenses over time

• To eliminate the need for utility providers

What is the main advantage of competitive electric and natural gas markets in Virginia?

• To provide contracts of various lengths at multiple price points

• To increase the per-unit costs of electricity and natural gas

• To allow consumers to lock in contracts with providers

• To minimize fluctuations in monthly bills

What is the purpose of private mortgage insurance for homeowners?

• To minimize fluctuations in monthly bills

• To increase the monthly utility expenses

• To provide a rough estimate of monthly expenditure

• To protect the lender in case of default on the loan