Six Ways to Save Money on Your Electricity Bill

Are you looking for ways to save money on your electricity bill? Energy and Gas have the answers you’ve been searching for.

As an added bonus, many of these tips won’t just help to save you money on your electricity bill; they’ll also help to reduce your carbon footprint.

1. Invest in Energy Efficient Appliances

When buying appliances like your fridge, dishwasher and washing machine, try to choose appliances with a high energy efficiency rating. While they may be a more expensive investment at first, the energy they save in the long run will be worth it. Energy efficient lightbulbs are also a fantastic investment because they not only decrease your energy bill, they last a lot longer than regular globes.

Additionally, make sure that you turn off appliances at the wall when they’re not in use so that you don’t waste money on phantom power – or the energy that goes into appliances when they’re on stand-by.

2. Have a Smart Meter Installed

Smart meters track your real-time energy use and can provide you with valuable information for when you’re choosing the energy plan that best suits you. With a smart meter, you can choose a tariff that charges you lower energy rates during off-peak periods which can help you save a lot of money.

3. If You’re Eligible, Apply for Concessions

Different states and territories have a variety of concessions available for low-income earners, pensioners and people with medical conditions that require electronic appliances. Taking advantage of these concessions, if you’re eligible, can help to subsidise your energy bill.

4. Check Your Appliances’ Settings

Changing the settings of your appliances – including changing the temperature of your fridge so that it’s not too cold and turning down the brightness of your TV – can have a huge impact on your power bill. This includes using the eco settings on your dishwasher and washing machine.

5. Invest in Solar Power

Solar power might be an expensive investment at first, it can be a worthwhile expense in the long run. Not only is it better for the environment, you can also benefit from feed-in solar tariffs.

6. Regularly Compare Your Energy Plan

Regularly comparing your energy plan can mean that you are always able to take advantage of the competitive energy market and find a cheaper plan that better suits your individual needs. It also means that you can also benefit from limited-time offers and discounts.