Electricity prices are rising in many parts of the world, and Australia is no exception. Over the past decade, on top of inflation, electricity prices in Oz have increased by a staggering 63%.
One of the main reasons has to do with access to electricity. In some areas in Australia, the cost of accessing electricity is double the cost of the electricity itself.
Accessibility has to do with the network of wires and poles that enable electricity to be provided to households. The cost for poles and wires is much higher in states like New South Wales than in others like Victoria.
However, if you live in New South Wales, all is not lost. There are several ways that you can save on your electricity costs.
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Compare Different Electricity Providers
In New South Wales, you have the option of a standard contract or a market contract from various energy providers, including AGL, Origin, and Red Energy.
To save money on your electricity, you need to compare the prices of different providers.
Energy providers often change their products and services, so it is always a good idea to periodically check whether you are getting the best deal that you can.
It becomes simple to compare different companies’ prices when you use an online comparison platform to find the cheapest electricity nsw.
So, start searching today to save money on your electricity bill.
Switch to Energy-efficient Light Bulbs
There are other ways of saving on electricity in New South Wales. Furthermore, the methods are very simple.
First off, if you still use old halogen or incandescent light bulbs, make the switch to energy-efficient bulbs. They use less electricity and last longer.
Do some research to find out which types of LED light bulbs are the most energy-efficient. By changing your bulbs, you could save significantly on your electricity bill.
Wash Your Clothes in Cold Water
Just because you are used to washing all of your clothes in hot water, it does not mean all clothes need to be washed in hot water.
For clothing with no tough stains, use cold water. Hot water can guzzle electricity, so it makes sense to make the switch.
Have a cold-wash laundry day once or twice a week and use the eco setting on your washing machine.
Turn Off Appliances
Did you know that, on average, leaving electrical appliances on standby costs households $100 per year in wasted electricity?
By making sure you never leave any of your appliances on standby, you can save money on your electricity bill. Get into a habit of turning televisions, phone chargers, microwaves, and washing machines off at the wall.
Also, check the settings of certain appliances to make further savings. For instance, your refrigerator could be on a colder setting than it needs to be.
Insulate Your Home and Make it Draught-free
The more sealed and insulated your home is, the less electricity you will need to stay warm. Likewise, the harder your air conditioner has to work, the more power it will need, and the more you will spend on your electricity bill.
So, by blocking draughts around your home, such as remembering to close doors and windows, you can make significant savings on your power costs.
By insulating your home, you can also dramatically cut down the cost of electricity. Insulation helps both your heating and cooling costs, so look into the best ways of insulating your home.
Monitor Your Electricity Use
If you have the opportunity to monitor your electricity use via a smart meter, do so.
When you keep an eye on how and when you are using your electricity, you can much more easily identify ways of reducing your usage and, in turn, reduce your electricity costs.