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.
RELATED ARTICLES
About the author
About the author
Spending
Moneysmart study reveals Gen Z women more concerned about finances than men
A new research conducted by ASIC’s Moneysmart has unveiled the heightened levels of stress and concern regarding finances and the cost of living among Australian Gen Z women compared to their male ...Read more
Spending
The cost of politeness: Aussies out of pocket by $1,350 due to 'awkward tax'
It's the time of year when Australians dive into their pockets for festive events and gatherings, yet a recent study by PayPal suggests that many are too polite, or perhaps too embarrassed, to ask for ...Read more
Spending
Aussies can ‘NAB Now Pay Later’ with the last major bank to embrace BNPL
NAB has become the latest bank to enter the BNPL market. Read more
Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. Read more
Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. Read more
Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. Read more
Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. Read more
Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. Read more
Spending
Moneysmart study reveals Gen Z women more concerned about finances than men
A new research conducted by ASIC’s Moneysmart has unveiled the heightened levels of stress and concern regarding finances and the cost of living among Australian Gen Z women compared to their male ...Read more
Spending
The cost of politeness: Aussies out of pocket by $1,350 due to 'awkward tax'
It's the time of year when Australians dive into their pockets for festive events and gatherings, yet a recent study by PayPal suggests that many are too polite, or perhaps too embarrassed, to ask for ...Read more
Spending
Aussies can ‘NAB Now Pay Later’ with the last major bank to embrace BNPL
NAB has become the latest bank to enter the BNPL market. Read more
Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. Read more
Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. Read more
Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. Read more
Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. Read more
Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. Read more
