Save $$$ by Slashing Your Electricity Costs

Electricity prices are on a steep rise and will continue to climb into the future. It’s bad news for the majority of us dependent on the grid but fortunately there’s a lot we can do to modify electricity consumption and shrink our bills.

One of the simplest and most cost effective methods for cutting down on electricity use is to reduce the amount of “stand-by” power. This is the power that’s used when an appliance is not in use but is plugged into a power point with the electricity switch in the “on” position. It might seem unimportant, but the average household’s energy use for standby power is a whopping 10%! To start saving immediately, just flick your switches to “off”.

In terms of heating and cooling, you can also save between 20 – 30% on your energy use simply by insulating your walls and ceiling. If there are rooms you aren’t using – turn off the lights and shut doors to avoid heat loss.

You can also install a water-efficient showerhead that cuts hot water usage and use cold water to wash clothes. Front load washing machines will usually cut hot water use by 60 to 70% compared to top loader machines.

By switching to compact fluorescent light (CFL) bulbs you can cut your lighting costs by 66% and produce fewer greenhouse gas emissions. CFL bulbs can also last 8 to 10 times longer than the old globes.

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