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How to Slash Your Electricity Costs
How to Slash Your Electricity Costs

Electrical

How to Slash Your Electricity Costs

Your rising electricity costs are not the only reason for skyrocketing electric bills. And while understanding your energy consumption is the first step to reducing your power bills, a few other factors could be eating away at your savings unknowingly.

Ways to Cut Electricity Costs on Household Consumption

How much energy you use varies on several factors, including accumulated excess energy consumption you may be disregarding. Identifying these lifestyle habits could save power and lower power bills significantly.

Identify what you’re paying for and check for patterns

One way is to check your electricity bill. Your bill will tell you how much energy you’ve used over a period, usually a quarter or a month. This information can help you understand your patterns of energy use.

Another way to monitor your energy consumption is to use a smart metre. Smart metres keep track of your energy usage in real-time, giving you a more detailed picture of when and how you’re using power. However, if your provider didn’t provide a smart metre, you can still manually keep track of your energy consumption.

Find efficient ways to save electricity for the summer

It’s not uncommon for most households to see a spike in energy fees for this season. Air conditioners require higher energy consumption to keep them running.

You can set your thermostat at 23 to 26 degrees Celsius, so you’re only consuming what’s needed. The goal is to keep a comfortable environment against the searing heat outdoors.

Opt for solar energy

The Australian government has been giving incentives to households using solar power for their homes. You can use a rooftop solar PV to alleviate some of your daily electricity usage.

To make the most of solar energy, you can schedule the use of the air conditioner, dishwasher, and washing machine when the sun is out. You will be surprised at the amount of energy you can save using this technology.

Opt for cold water instead

Heating systems account for more than 30% of energy consumption in Australian homes. Use hot water only when it’s necessary. Opting for cold water use would save energy on heating system consumption for other tasks like cleaning the dishes or washing clothes.

Moreover, using cold water for these tasks could save you as much as $115 in a year.

Switch to LED light bulbs instead

Although most homeowners neglect this, light bulbs surprisingly account for 10% of your electricity costs. You’ll save around 75% on energy compared to standard halogen and incandescent bulbs by switching to LED lights.

Initially, you may be comparing the initial costs of purchasing LED bulbs against standard bulbs. However, the payoff is worth the upfront cost in the long run.

Look for a better energy provider

If you’ve been with the same energy provider for years, ask them for a better deal, or you may have to look elsewhere for something better. It’s not uncommon for energy companies to change products and prices regularly.

Be on the lookout for these changes so you’re up to date on the kinds of services and products you’d like to avail yourself of in keeping your energy consumption to a minimum.

Conclusion

We use energy for almost anything in our homes. It’s critical to identify, evaluate, organise, and plan for energy conservation so that you’re only consuming what you need daily.

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