Tackling the rise in electricity prices

  • 17 August 2023
Are you concerned about the rise in electricity prices?

There’s no doubt that the rise in electricity prices has been leaving homeowners and businesses in a budgeting pinch, and it is bound to get worse.

Energy economists from Victoria University’s Victoria Energy Policy Centre (VECP’s) have warned that there is a coming rise in electricity prices in NSW.

NBN News reported on VECP’s predictions, anticipating that consumers may see an increase of 20 per cent to their bill. So, it’s no wonder that there is growing concerns about energy usage.

We know that the use of electricity in a business or home is unavoidable, but there are a bunch of things you can do to save money on your bill.

What is affecting your electricity bill?

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It's important to figure out which appliances and devices are causing our energy consumption to spike.

There are certain appliances and electrical devices that tend to be the culprits behind high energy consumption, leading to those dreaded electricity bills.

Some of the following appliances and electrical devices are notorious for driving up electricity bills.

Air Conditioners

Air conditioners can be a serious culprit when it comes to your energy consumption. But, did you know there are ways to run your air conditioner that will help to avoid those nasty energy bills?

  • Run your air conditioner around 8°C cooler colder or warmer to the outside temperature. You don’t need to be sweating in winter!
  • Choose the right sized air conditioner for your space. Is your air conditioner working too hard?
  • Keep your unit clean and regularly serviced. How long has it been since you’ve had your air conditioner serviced?

Selecting the right air conditioner and maintaining it for energy efficiency can be difficult. Our team are here to help you choose the right air conditioner for you, and help you maintain it to keep it running energy efficiently.

Common Appliances

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Outside of your air conditioner, there are several other major appliances that are known to drive up electricity bills:

  • Fridge
  • Oven
  • Washing machine
  • Clothes dryer

We understand that most of these appliances are part of everyday life in both homes and businesses.

It's a great idea to consider alternatives like air drying clothes on a beautiful sunny day instead of relying solely on a clothes dryer to save energy.

And when it comes to washing machines, you're right that doing a decent-sized load each time can make a big difference in energy and water savings. It's more efficient to run one full load instead of several small loads.

Lighting

Lighting can also account for a fair chunk of your electricity consumption. Luckily, there are many efficient alternatives on the market that can help you tackle the rise in electricity prices.

Choosing the right lighting for your space is important, and these days, consumers are spoilt for choice.

You could look at installing LED light bulbs as they can provide better value for money rather than traditional incandescent, halogen and fluorescent bulbs.

However, most bulbs must meet minimum performance standards in Australia. So if LED isn’t your style, talk to our team to discuss your options for energy efficiency and styling.

Making changes to avoid the impact of the rise in electricity prices

In making the biggest impact towards decreasing your electricity bill, try the following:

  • Target the biggest sources of energy consumption first
  • Look for more energy efficient appliances
  • Consider solar options for hot water heating
  • Take advantage of off-peak times for energy consumption
  • Ensure that electrical devices and appliances are installed correctly and maintained routinely.

Still feeling unsure of where to start with taking action towards becoming more energy efficient?

Get in touch with us for more information about ensuring your home or business is energy efficient. We’ll raise the standard but help keep your power bill down.

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