As we near the final results publish of both the U.S. Gas and Electric Utility Residential Customer Satisfaction Studies, let’s review some of this year’s emerging trends and some strategies utilities can implement to raise their overall satisfaction scores.
The Current State of Satisfaction
Increasing bill amounts in 2022 began a declining trend on price satisfaction for both residential electric and gas utilities. The good news: While rising bill amounts have lowered price satisfaction over time, the effect on satisfaction is stabilizing.
However, customers continue to report being financially challenged in 2024, with “affordability” becoming a top-of-mind concern.
Residential Electric Utilities:
2024 U.S. Electric Utility Residential Customer Satisfaction Study, Q3 results
Residential Gas Utilities:
2024 U.S. Gas Utility Residential Customer Satisfaction Study, Q3 results
Other key concerns are the declines we are seeing across Customer Care and Billing and Payments factors. Both sectors are seeing declines in “ease of paying bill” across the board, with concerning declines in the digital and phone channels.
For residential electric customers, we see declines across all Customer Care interaction points for several years in a row:
2024 U.S. Electric Utility Residential Customer Satisfaction Study, Q3 results
For residential gas customers, we see score declines across Customer Care channels as the number of customers contacting their utility about problems increases:
2024 U.S. Gas Utility Residential Customer Satisfaction Study, Q3 results
What Strategies Can Utilities Implement to Improve Overall Satisfaction?
Key Takeaways
Customer satisfaction is on the decline particularly in regards to Customer Care and Billing and Payments, however, there are concrete steps utilities can take to mitigate the impact of this decline on overall customer satisfaction. Having actionable data about your specific customers and their pain points can make all the difference.
For over 20 years, J.D. Power has been measuring and benchmarking utility customer satisfaction across a variety of factors and in a wide range of economic circumstances. To learn more about how our data empowers your utility to create outstanding customer experiences, reach out to a J.D. Power representative today >>