So, with that out of the way, let's look at how you can "supposedly" cut your electrical bill in half by creating some sort of weak electromagnetic field around your meter.
Materials
1. Copper wire (apparently any gauge will work)
2. Two magnets (one significantly larger than the other)
3. Electrical tape
4. Plastic cup
5. Enough distilled water to fill the plastic cup
6. Saran wrap, or other plastic wrapping
7. Rubber band
Tools
1. Wire cutter / stripper
Time
Less than 15 minutes. This one's definitely a quickie.
Steps
1. Cut off two lengths of wire that are roughly 15 to 20 inches long each. If you're using dual wire, like speaker wire, just cut one length and pull the two wires apart.
2. Take one of your wires and strip off about an inch of sheathing from one end, and three inches from the opposite. Repeat for the second wire.
3. Using the electrical tape, secure the end of each wire with the one inch strip to the inside of your plastic cup. Situate the wires so they are at opposite sides of the cup from each other.
4. Fill the cup with distilled water.
5. Stuff the excess wire into the cup until you're left with roughly six to eight inches of wire hanging out on each side.
6. Cover the top of the cup with saran wrap and secure it with a rubber band.
7. Take the end of one of the exposed wires, and wrap the three inches worth of copper around one of the magnets. Repeat with the second wire as well.
8. Tape the wire around each magnet to make sure it's secure.
9. Place the cup on top of your electric meter and allow the magnets to hang down on each side (roughly horizontal with the spinning disc inside the meter).
10. If needed, secure the cup and magnets to the meter itself.
If you've done everything correctly, the magnets should eventually slow down your meter, leading to a lower number when the meter is read, and thus a smaller electric bill. If you're going to try this at home, it might be beneficial to hide your cup-o-magnets when the meter reader comes by to jot down your current usage. The last thing you want is for them to turn you in for tampering with their equipment. Other than that, have fun and let us know if it really works.
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