Top 10 Tips For Lowering Your Electricity Bill

by | Dec 20, 2023

Everything is rising in price this year, from groceries, mortgage/rent and utilities. The disposable income in Australia has been on a downward path for the past couple of years. Whilst we cannot cut back on some essential expenses, we can look at ways to reduce costs. We are going to find ways to lower your energy costs without compromising your quality of life. Many homeowners are seeking effective ways to reduce their electricity bills. 

1. Energy Audit

There are a lot of different providers offering to do all the research for you in regards to comparing your power utility provider options. The Victorian government has a dedicated energy compare site which is easy to navigate. There are also many private companies that specialise in providing comparisons and assistance with changing providers. This is a free service to the consumer. 

If you find a cheaper option and do not want to go through the steps of switching companies, consider calling up your current company and advising them that you are considering changing companies. Most energy companies have a retention team that have delegation to give you special offers.

2. Upgrade to Energy-Efficient Appliances

Especially if you have an older home, there may be opportunities to improve your energy usage. Consider hiring a professional Bayside electrician, to conduct an energy audit. They can identify areas where energy is being wasted and suggest improvements.

Older appliances tend to consume more energy than modern, energy-efficient models. Invest in Energy Star-rated appliances that use less electricity without sacrificing performance. While this may involve an initial cost, it will lead to long-term savings on your electricity bill.

3. Switch to LED Lighting

Replace traditional incandescent bulbs with energy-efficient LED lighting. LEDs consume less energy and last longer, making them a cost-effective choice in the long run. Foe professional LED lighting installation ensure you consult with a licenced electrician.

4. Unplug Unused Devices

Many electronic devices continue to draw power even when turned off, leading to “vampire power” consumption. Unplug chargers, appliances, and electronics when not in use to prevent unnecessary energy usage.

5. Get Creative with Temperature Control

Heating and cooling your home can account for a significant portion of your electricity bill. Set your thermostat to an energy-efficient temperature and consider investing in a programmable thermostat that adjusts temperatures automatically when you’re not at home. 

Add in a timer device to switch heating and cooling off when not at home. Keep in mind any pets before implementing measures such as these is the hotter weather. Throw on an extra blanket at night, or when you are just relaxing in the lounge.

Woman reading a power bill, in need of tips to lower her electricity usage

6. Insulate Your Home

Proper insulation and sealing gaps in your home can prevent heat or cold air from escaping, reducing the workload on your heating and cooling systems. Inspect your attic and walls for sufficient insulation and add more if necessary. Look into whether awnings and or blinds could be a suitable option for your home.

7. Embrace Solar Power

Consider installing solar panels on your property. Solar power can significantly reduce your reliance on the grid and lead to substantial long-term savings on your electricity bill. Consult with a professional solar installer for guidance.

8. Efficient Water Heating

Water heating can contribute significantly to your electricity bill. Lower the thermostat on your water heater and fix any leaks promptly. Additionally, consider using a tankless water heater for on-demand hot water and reduced energy consumption.

9. Time-of-Use Pricing

Check with your utility provider for time-of-use pricing plans. These plans encourage you to use electricity during off-peak hours when rates are lower, helping you save money on your monthly bill.

TOU pricing has been part of a broader effort to manage the energy grid more efficiently. During peak hours, when demand is high, electricity is more expensive. This pricing model helps to spread out the electricity demand more evenly throughout the day, reducing the strain on the grid and supporting sustainable energy practices. Each state in Australia may have different providers and specific plans, so it’s essential to check with your local utility provider for the details of their TOU pricing. 

10. Claim Offers

Stay informed about energy-saving tips and incentives offered by your utility company. They may provide rebates for energy-efficient upgrades or offer programs to help you reduce your energy consumption. 

Lodge your eligible concession card with your provider to claim the concession discount on your bill. Keep across the different government relief options, below are a couple of useful links to learn more.

https://www.energy.gov.au/rebates/energy-bill-relief-households-victoria

https://services.dffh.vic.gov.au/energy

Need Help?

Do you need to have your electrical systems done? Bell Electrical Contractors is happy to help. Call us on 0411471922 or email us at info@bellelectrical.com.au.