Last updated on 8th August 2019

Shocked by your recent energy bill? Here’s how to reduce costs

In some cases, it pays to be loyal. When it comes to energy suppliers, not so much.

Compare today and discover what you could save!

Who has the power to determine the overall cost of your energy bill?

You do.

Despite the Australian Energy Market Operator reporting an alarming record high for much of Australia’s electricity prices in the first quarter of 2019, there are still things you can do to reduce the dollar value on your power bill.

The first step starts here.

Compare Now:

Step 1: Select your State below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

By comparing your options with Electricity and Gas, you’re putting yourself in a better position to save without making any drastic changes to your lifestyle.

But the savings don’t stop there.

You could potentially cut your energy bill in half* by choosing more energy-efficient appliances, and using them appropriately.

When shopping for household appliances, look out for the red, black and yellow Energy Rating label. The more stars, the more savings. A product with a higher star rating helps to reduce emissions and cut down your energy costs.

While it may cost more upfront for a higher star-rated product, you’ll quickly make that money back in energy savings, meaning more money in your pocket long-term and a better outcome for the environment.

So, which household appliances are chewing up most of your energy bill?

Research has discovered the average electricity bill in Australia is made up of these seven common uses*:

  • 40 percent heating and cooling
  • 23 percent water heating
  • 14 percent other appliances (washers, dryers, TV and computers
  • 8 percent fridge and freezer
  • 7 percent lighting
  • 5 percent cooking
  • 3 percent stand-by power.

 

 
With a massive 40% of household energy used in heating and cooling, it appears cutting back on your air conditioner usage is the first step to lowering your energy bill. Install insulation, wear weather appropriate clothing, open windows, or use the less energy-hungry alternative to cool off and install ceiling fans.

If you must use an air conditioner, split system air conditioners are generally the most energy-efficient. Remember, use appropriately and keep the temperature set to 25 – 27 degrees in summer, and 18-20 degrees in winter to ensure maximum energy-efficiency.

Another energy-hungry area is water heating. With almost a quarter of household energy being chewed up by heating water for showers and dishwashing, try using less hot water. Install a water-saving showerhead, limit showers to 4 minutes, and use cold water when washing hands, doing the laundry, and filling the kettle.

Other appliances including TVs, computers, washing machines and dryers take up 14 percent of the average energy bill.

Try to get in the habit of turning these appliances off at the wall once you’ve finished using them, as they can still suck energy even when in standby mode.

Other tips for reducing energy usage for appliances include:

  • Turning the TV off, rather than leaving it on for background noise. Try listening to music instead
  • Opt for a top-load washer as they generally use less energy, water and detergent
  • Avoid using the dryer—hang your clothes out in the sun to dry instead

Moving on to the kitchen: fridges and freezers take up 8 percent of the average energy bill while cooking appliances such as the microwave, stovetop, toaster, and oven take up 5 percent.

Always keep fridges and freezers sealed, and don’t open the fridge for long periods of time deciding what you’ll have for lunch. Use the microwave to reheat food versus an energy-hungry oven, and keep lids on pots and pans while cooking over the stove to speed up cooking time.

When it comes to lighting, 7 percent may seem like a small amount in the wider scheme of your energy bill. However, small changes such as switching from 100W incandescent light bulbs to 14W LEDs could save you $170 on your energy bill per year.

There are lots of changes—big and small—you can make to help reduce your energy costs and cut back on your carbon footprint.

You have the power to compare plans today and start saving.

This article is opinion only and should not be taken as financial advice.