Invest
5 ways to save on your electricity bill this summer
Consumers are being urged to look at ways to save on their electricity bill as the new norm from COVID-19 sees Aussies spend more time at home.
5 ways to save on your electricity bill this summer
Consumers are being urged to look at ways to save on their electricity bill as the new norm from COVID-19 sees Aussies spend more time at home.
A study released by Compare the Market has found that nearly 73 per cent of Australian households say their electricity bill is their top concern this year, while 48 worry they cannot afford their electricity bill since the pandemic started.
Household savings expert at Compare the Market Abigail Koch shared five energy-saving devices to help reduce consumers power bills.
- Indoor sensor nightlights
These nightlights automatically turn on at dusk, allowing people to move around without having to switch on a light. From $6 per light and lighting up for 100,000 hours, these LEDs run at just¢ per hour.
- Smart thermostats
These devices connect to your heating and cooling systems, enabling you to adjust the temperature from a smartphone app. The energy-efficient features can save an average household nearly 12 per cent a year on their electricity bill.
- Smart power boards and plugs
These look like regular power boards and plugs but connect to your Wi-Fi, enabling you to control connected appliances from an app. Smart power boards and plugs allow you to monitor how much electricity a device is consuming, even on standby, helping you make changes to reduce your bill. By turning off devices such as TVs and game consoles, you could save more than $200 per year.
- Solar-powered charger
These can be used on wireless devices, including phones, GPS devices and security cameras, saving the average Australian $25 a year if used on phones, iPads and laptops.
- Smart glass and window
Despite being expensive at $185 a square metre, smart glass helps consumers keep warm in winter and cool in summer by adjusting the tint of the glass. Nearly 40 per cent of household energy usage comes from appliances that heat and cool. Installing Low-E glass in a large home (240 sq m, for example) can reduce your energy bill by more than $75 each year.
About the author
About the author
Spending
Aussies’ spending on subscription rises, but will it stick?
Aussies carved out a greater slice of their spending budgets when it came to streaming services during the pandemic. ...Read more
Spending
Qantas announces $2.3bn loss but plans to be flying again by Christmas
Australia’s national carrier has revealed the devastating impacts border closures have had on the company, while noting a possible return date to international operations in its full-year market upd...Read more
Spending
Will your frequent flyer status be impacted by COVID?
In the latest bid to kick-start the travel industry post-lockdowns, Australia’s largest airline has announced that it is rewarding its frequent flyers by extending their status. ...Read more
Spending
‘Technology, not taxes’: Why not both?
The government has joined the rest of the world in looking to offset carbon emissions, albeit through technology, not taxes, despite the possibility that positive taxes and incentives could potentiall...Read more
Spending
Social media spending balloons to $118bn
Australians are spending a whopping $118 billion on discretionary items through social media and apps, fresh figures have revealed. ...Read more
Spending
Why payphones are set to become free
Australians will now be able to make free calls from any Telstra payphone under a new initiative aimed at helping those who are in need, Telstra’s CEO has revealed. ...Read more
Spending
7 surprisingly simple ways to save money and help the environment
The rising costs of living is providing consumers with a rare win-win scenario by saving money and helping the environment. ...Read more
Spending
How much are you wasting on unused subscriptions?
Australians are continuing to pay for subscriptions they are not using, costing households up to $2,000 a year, new banking figures have revealed. ...Read more
APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips
Listen now
What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?
Listen now
Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?
Listen now
What does the NSW regional permit mean for property investors? Who really wins from the BHP-Woodside merger?
Listen now
Spending
Aussies’ spending on subscription rises, but will it stick?
Aussies carved out a greater slice of their spending budgets when it came to streaming services during the pandemic. ...Read more
Spending
Qantas announces $2.3bn loss but plans to be flying again by Christmas
Australia’s national carrier has revealed the devastating impacts border closures have had on the company, while noting a possible return date to international operations in its full-year market upd...Read more
Spending
Will your frequent flyer status be impacted by COVID?
In the latest bid to kick-start the travel industry post-lockdowns, Australia’s largest airline has announced that it is rewarding its frequent flyers by extending their status. ...Read more
Spending
‘Technology, not taxes’: Why not both?
The government has joined the rest of the world in looking to offset carbon emissions, albeit through technology, not taxes, despite the possibility that positive taxes and incentives could potentiall...Read more
Spending
Social media spending balloons to $118bn
Australians are spending a whopping $118 billion on discretionary items through social media and apps, fresh figures have revealed. ...Read more
Spending
Why payphones are set to become free
Australians will now be able to make free calls from any Telstra payphone under a new initiative aimed at helping those who are in need, Telstra’s CEO has revealed. ...Read more
Spending
7 surprisingly simple ways to save money and help the environment
The rising costs of living is providing consumers with a rare win-win scenario by saving money and helping the environment. ...Read more
Spending
How much are you wasting on unused subscriptions?
Australians are continuing to pay for subscriptions they are not using, costing households up to $2,000 a year, new banking figures have revealed. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
