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They have a meter in my back yard that tells them precisely how much electricity I used.
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They dont read ours all the time. Not sure exactly on the interval but I've had a few estimated bills. The next month will be a catch up but there is the occasional flier mixed in.
I just received the save a watt thing I ordered from this thread. Pretty cool little device for ~$20. Didnt realize what a hog my tv was, plasma can such some juice. Even more reason to leave the thing off.