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. 

1. 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.

2. 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.

3. 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.

4. 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.

5. 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

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

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