Daylight Saving Time saves $12 in electricity per year

Daylight Saving Time begins Sunday, when for eight months people will be fooled into thinking that the extra hour of light will save them money -- or at least not much money.

Last year at this time I wrote about how moving the clock forward an hour will get you more light during the day, but won't save you money because the extra savings gained in not turning on the lights for an hour in the evening was offset by people using more gas and turning on their air conditioners early, among other things.

I won't go into those reasons again why Daylight Saving Time, or DST, is a scam as far as saving money, but I did a rough calculation to find out how much money I'd save by turning on the houselights one less hour per day.

The bottom line:1 penny saved.