It is never a fun experience to pay your electric bill, but you may be able to save yourself some time and make the whole process more convenient by paying your electric bill online. Most electrical companies will allow you to do this. In many cases they will allow you to set up automatic payments. This has the advantage of guaranteeing that you will never be charged a late fee. You may not want to use this service, however, if you are concerned about the possibility of getting overdrawn on your account. In some cases, paying online will actually save you money that you will be charged for paying over the phone.