Electricity is a household essential but the cost can give your budget \u2013 and hip pocket \u2013 a nasty zap. We look at 8 easy ways to take the spark out of power bills<\/b><\/p>\n
If you think your electricity bill is overheated, you\u2019re not alone. According to Canstar Blue, you could pay anywhere from just over $1,000 annually in Victoria through to $1,444 in South Australia<\/span>1<\/sup><\/a><\/span><\/span>. That\u2019s a big chunk of your budget.<\/span><\/p>\n Sure, you could save by living on torchlight and cooking by campfire, but there are smarter strategies to trim electricity costs.<\/span><\/p>\n Here are 8 ways to tame high voltage energy bills.<\/span><\/p>\n According to the ACCC, electricity prices have dropped almost 9% since mid-2020<\/span>2<\/sup><\/a><\/span><\/span>. That\u2019s because increased use of renewable energies and cheaper fuel costs have pushed power prices down at the wholesale level. But you may not be reaping the full rewards if you\u2019re sticking to an outdated power plan.<\/span><\/p>\n If you\u2019ve been with the same electricity provider for a number of years, chances are you could be paying more than necessary. Plenty of new providers have come onto the market in recent years, and competition is helping to push prices down.\u00a0<\/span><\/p>\n That\u2019s why it\u2019s worth shopping around to see if you could get a better deal with a different provider \u2013 or switching to a new plan with your current provider.\u00a0<\/span><\/p>\n If you\u2019re in <\/span>New South Wales, South East Queensland, South Australia, Tasmania or the ACT, the <\/span>Energy Made Easy<\/span><\/a>\u00a0website lets you compare offers with a few keystrokes. Just upload your more recent power bill, and voila! You\u2019ll see in an instant which plans can help you save. If you live in Victoria, check out the <\/span>Victorian Energy Compare<\/span><\/a> website to score a better deal.<\/span><\/p>\n According to Sustainability Victoria, home insulation is one of the most cost-effective and energy efficient ways to improve the comfort of your home<\/span>3<\/sup><\/a><\/span><\/span>. It may sound like a big job, but laying some insulation batts in your roof cavity is a job the average home handyperson can tick off over a weekend. And it doesn\u2019t have to be a budget buster.<\/span><\/p>\n Expect to pay around $50 per pack of insulation batts<\/span>4<\/sup><\/a><\/span><\/span>. That typically covers around 9 square metres<\/span>5<\/sup><\/a><\/span><\/span>, and it\u2019s a cost that can soon pay for itself. A fully insulated home can have up to 50% less heating and cooling costs than a non-insulated home<\/span>6<\/sup><\/a><\/span><\/span>.<\/span><\/p>\n There\u2019s no way you\u2019d leave a tap running with water cascading down the sink. Yet plenty of us are wasting bucketloads of electricity by leaving appliances turned on at the wall when they\u2019re not being used.<\/span><\/p>\n Okay, some appliances shouldn\u2019t be turned off, like your fridge or freezer. But consumer group Choice say appliances still use power when they’re in standby mode \u2013 and it can add up to 10% of your electricity use<\/span>7<\/sup><\/a><\/span><\/span>.\u00a0<\/span><\/p>\n So, before you head out the door, flick the switch on lights, TVs, consoles and other electronics that really don\u2019t need to be left turned on. It won\u2019t make you rich but it will put cash back in your pocket instead of your power provider\u2019s.<\/span><\/p>\n <\/p>\n Australia really is one of the sunniest continents on earth<\/span>8<\/sup><\/a><\/span><\/span>. It makes for great days at the beach. It explains why thongs are our go-to footwear for summer. And it also means a washing line is a lot cheaper, and a more eco-friendly option, than a clothes dryer.<\/span><\/p>\n It costs around 44 cents each time you put a load in the clothes dryer<\/span>9<\/sup><\/a><\/span><\/span>. Add that up over the course of the year and you could be paying over $100<\/span>10<\/sup><\/a><\/span><\/span> for something the washing line offers for free.<\/span><\/p>\n And when the time comes to upgrade your laundry appliances<\/span>11<\/sup><\/a><\/span>, be sure to check out the Energy Rating Label that is stuck to the front of the machine. The more stars it has, the more energy efficient the appliance<\/span>, giving you a quick visual cue as to how much power it may consume.\u00a0<\/span><\/p>\n There are also numerous sites which allow you to calculate the running costs of appliances in the ERL program<\/span>12<\/sup><\/a><\/span><\/span>. So be sure to plan ahead to save money and reduce your electricity bill in the future.<\/span><\/p>\n When summer starts it can be tempting to crank up the air con to full throttle, pull up a seat and bask in the arctic blast. But it\u2019s a luxury that\u2019s going to heat up your power bills.<\/span><\/p>\n The lower the temp you set the thermostat to, the harder your air con has to work. And that\u2019s going to see the machine suck up the watts faster than a parched polar bear at an Alaskan watering hole.\u00a0<\/span><\/p>\n It works out a lot easier on your wallet if you set the thermostat between 22 and 24 degrees Celsius<\/span>13<\/sup><\/a><\/span><\/span>. That\u2019s the Goldilocks zone where your air con isn\u2019t working overtime, and you\u2019re still enjoying a comfy temp for your home. Even setting your thermostat to one degree warmer than you\u2019d normally have it can cut your running costs by up to 10%<\/span>14<\/sup><\/a><\/span><\/span>.\u00a0<\/span><\/p>\n Sustainability Victoria says around 56% of Victorian homes have inefficient lighting<\/span>15<\/sup><\/a><\/span><\/span>. It means lighting is drawing on more power than it needs to do the job. And it\u2019s a fair bet a similar stat applies to the rest of the country.\u00a0<\/span><\/p>\n Home lighting accounts for 16% of household power bills<\/span>16<\/sup><\/a><\/span><\/span>. So there\u2019s a golden opportunity to pocket big savings with simple changes.\u00a0<\/span><\/p>\n Halogen downlights can be a real culprit for chewing through power as they produce both light and heat. Switching to LED (light emitting diode) and CFD (compact fluorescent lamp) lights can help you save. They use up to 80% less energy to produce the same amount of light<\/span>17<\/sup><\/a><\/span><\/span>.<\/span><\/p>\n If you\u2019re not sure which light bulbs to buy, check out the <\/span>Light Bulb Saver App<\/span><\/a>. It can identify the right bulbs for your space, and help you calculate the savings of switching light bulbs.\u00a0<\/span><\/p>\n Why wait for \u2018bill shock\u2019 \u2013 that weak-at-the-knees moment when you receive your power bill and reach for the smelling salts. Take charge of your power consumption instead by tracking how much power you use.<\/span><\/p>\n The CSIRO found one in five citizen scientists use some type of in-home energy monitoring device<\/span>18<\/sup><\/a><\/span><\/span>. You can pick up an energy monitor for around $120<\/span>19<\/sup><\/a><\/span><\/span>, and it\u2019s a great way to track your electricity consumption, and adjust your usage before getting slugged by an over the top energy bill.<\/span><\/p>\n Remember we said that Australia is the sunniest continent on the planet? Why not harness all that lovely eco-friendly sunshine to power your home? It could be more affordable than you think.<\/span><\/p>\n According to the Clean Energy Council\u00a0<\/span>20<\/sup><\/a><\/span>, i<\/span>nstalling a solar system can cost from around $3,000 for a 2kW system to over $14,000 for a 10kW set-up. Yes, it\u2019s a big outlay but Canstar Blue found a solar system can pay for itself in as little as 10 years<\/span>21<\/sup><\/a><\/span><\/span>.\u00a0<\/span><\/p>\n So if you\u2019re keen to harness solar power and cut your power bills, whilst also showing the planet some love, Nimble\u2019s got you covered. Our <\/span>AnyTime Virtual Mastercard<\/span><\/a> or a <\/span>Nimble Personal Loan<\/span><\/a> can help you get off the grid and start soaking up the savings of sunlight.<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n The information on this website is general in nature and does not take into account your objectives, financial situation or needs.<\/span><\/em><\/p>\n For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The above post refers to application software (\u201cApp, Apps\u201d) that is not affiliated or associated with Nimble. We do not have any control or responsibility over the content of the Apps. Use of the Apps may be subject to further terms and conditions imposed by the App provider, the owner of the mobile operating system and\/or other related parties. The above links belong to a variety of websites and not Nimble, so clicking on, and using them, will take you away from Nimble\u2019s website meaning we\u2019ve got no control or responsibility over the content. Nimble does not endorse and is not affiliated or associated in any way whatsoever to the businesses named in this blog post. The information contained in this article is correct at the date of publication.<\/span><\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Electricity is a household essential but the cost can give your budget \u2013 and hip pocket \u2013 a nasty zap. We look at 8 easy ways to take the spark out of power bills If you think your electricity bill is overheated, you\u2019re not alone. According to Canstar Blue, you could pay anywhere from just […]<\/p>\n","protected":false},"author":52,"featured_media":6876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51,10],"tags":[],"class_list":["post-6874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-tips-resources"],"yoast_head":"\n1. Regularly compare electricity providers<\/b><\/h2>\n
2. Insulate your home<\/b><\/h2>\n
3. Switch off at the wall<\/b><\/h2>\n
4. Use the washing line not the dryer<\/b><\/h2>\n
5. Adjust the thermostat<\/b><\/h2>\n
6. Install energy efficient lighting<\/b><\/h2>\n
7. Monitor your energy use<\/b><\/h2>\n
8. Consider solar energy<\/b><\/h2>\n