8 Tips for Reducing Your Power Costs
8 Tips for Reducing Your Power Costs
Want to know how to reduce your electricity bill? We’ve got you covered – here’s what you need to know about rising prices and how you can save money anyway. 8 tips for reducing your power costs.
Why Power Costs Are Rising
Are power costs rising? Yes, unfortunately. As power lines and electricity poles are replaced and upgraded across Australia, consumers pay the price. And, since most of us rely on multiple electrical appliances to live our daily lives, we’re putting a lot of demand on the power grid.
In other words, as demand goes up, so does the price for supply.
How to Reduce Your Electricity Bill
It’s not all bad news, though. In fact, if you’re smart about it, you can pay less for electricity, not more. Here are eight ways to do just that.
1. Get Off Standby
Do you leave the TV and other appliances plugged in overnight? You’re actually wasting energy this way. Start unplugging everything at the wall to reduce energy consumption.
2. Close Doors and Windows
In the winter months, conserve heat by keeping doors and windows firmly closed. This is a really easy trick for every member of your household to follow.
3. Turn Down Your Heating
Sure, it’s tempting to reach for the thermostat when it’s cold outside, but it’s an expensive way to stay warm. This applies in the summer, too, when you want to stay cool with your air conditioning. The problem? This uses up a lot of electricity, so try to avoid relying on these appliances so much.
4. Switch Energy Suppliers
If you haven’t changed tariffs in a while, you might find there’s a better deal out there with a new supplier. Shop around or check out some comparison websites to find out more about cutting power costs.
5. Request a Smart Meter
Smart meters show you everything from your daily energy consumption to which appliances use the most power. So, ask your provider if you can get a smart meter or energy monitoring device on your tariff.
6. Switch to LED Lightbulbs
LED lightbulbs are just as effective as older halogen or incandescent bulbs, but they’re more efficient and cheaper to run. Alternatively, don’t turn the lights on unless you really need to.
7. Do Cold Washes
Do you wash everything at a high temperature? Chances are it’s not necessary, and you can often save a little money by using cold water for your laundry instead.
8. Invest in Insulation
We’re leaving this one until last because it’s probably the most expensive option. That said, it’s also a long-term fix – insulate your home, and look forward to saving up to 50% a year on your heating bill.
Conclusion
Yes, power costs are rising, but that doesn’t mean you need to pay a fortune for electricity. Start making small changes to your daily energy consumption today, and you’ll reap the benefits long-term.
